Despite the fact that we all know better, at times we eat food we shouldn’t, we don’t get enough exercise, and we don’t get enough sleep. In short, we put off things that cause us short term pain even though there are tremendous long term health benefits.
Our financial health involves these tradeoffs as well. Retirement planning, insurance coverage, saving for college, and budgeting, all involve short term pain for long term gain. Just as with our health, many fail to....