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Print |

Go Banking Rates’ Jennifer Calonia Uncovers Fountain of Youth with Five Surprising Spending Habits


By: 
Date: December 11 2012

EL SEGUNDO, CA, December 11, 2012 – There are countless benefits to stashing money in a savings account, like growing a retirement fund, planning ahead for a big purchase or just the simple peace of mind from knowing savers are financially stable no matter what obstacle comes their way.

However, certain money moves that involve spending rather than saving money -- and that you’re likely already doing -- may actually help you live longer.
Jennifer Calonia unearths five costly pursuits that may chip away at discretionary funds, but have the greater reward of an extended life expectancy.
The first discovery Ms. Calonia makes is the fact that the very act of shopping was found to be a mark of youth.

An Oregon State University study found that elderly persons who were capable of performing shopping errands on their own were viewed as not old.
Researcher Michelle Barnhart explains, “When people in their 80s or 90s exhibited characteristics that society tends to associate with people who are not old, such as being aware, active, safe or independent, they were viewed and treated as not old,” Barnhart said. “In this way, they were able to age without getting old.”
Other questionable spending habits Americans participate in that are scientifically found to increase life expectancy among consumers are:

1. Buying a Morning Coffee
2. Attending Social Outings
3. Having Finances Endure a Recession

Ms. Calonia assesses that while these money moves may not necessarily help you live forever, they can add years onto your life at a price against consumers’ savings account.

About Go Banking Rates
Go Banking Rates (GoBankingRates.com) a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information. Go Banking Rates also regularly publishes expert advice from personal finance professionals.

GoBankingRates.com belongs to a network of more than 1500 finance websites, including GoInsuranceRates.com and GoFreeCredit.com. These sites receive more than
2 million visits each month.

For questions or comments, please contact:
Jaime Catmull, Director of Public Relations
www.GoBankingRates.com
JaimeC@GoBankingRates.com
310.297.9233 x261



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