When someone gives you a gift of money for your birthday, Christmas, or just because, what do you do with it? Do you treat it as earned income or do you just blow it because you did not have to work for it?
Most of us are likely to treat our gifts of money differently from our earned income. Rather than just popping it into our savings accounts, we are tempted to spend it, perhaps even on things that we don’t really need. Why? Because it’s not as if we are using our own money, or so we think.