00:01
So here we have a someone who has a financial goal, right? and their goal is to save for a vacation.
00:09
Save for vacation.
00:09
That's a noble goal, right? the point of money is to enjoy it.
00:13
It's not to die with a giant pile of money.
00:16
So we have some strategies.
00:18
One, deposit savings to earn interest.
00:25
That sounds very reasonable, right? i want to build up my savings and i want to earn interest.
00:32
So depositing them in a place that i can earn interest sounds reasonable.
00:37
But just to make sure, let's look at the rest here.
00:40
Use credit cards.
00:43
Well, this one is obviously wrong, and it's wrong for a couple of reasons, right? first of all, it's not saving.
00:51
If you use credit cards, it's simply not saving.
00:55
So this would not be saving for a vacation.
00:57
This would be taking on debt to obtain a vacation...