It is better to spend your money today than wait a year because you will be able to buy more with it today than in one year.

Question

Quizplus · Accepted Answer

This is due to inflation, which is the general increase in the price level of goods and services over time. Inflation reduces the purchasing power of money, which means that the same amount of money will be able to buy fewer goods and services in the future. Therefore, it is usually better to spend money today rather than wait, as it will have more value today than in the future.

It Is Better to Spend Your Money Today Than Wait