April 22, 2011

Other People's Money

Every now and again my mom will give me a gift card to Starbucks.
When I am shopping at Starbucks without my mom's money, I tend to keep in pretty simple. I will by a Grande Coffee and leave it at that.

When I am shopping with my mom's money, I tend to buy a Venti Coffee, Sausage Sandwich, the Wall Street Journal, and whatever suits my fancy on that particular day.

To say the very least, with mom's money, I become a very irresponsible consumer.

The chart below goes a long way in explaining one of the reasons health care costs have exploded over the last 20-30 years.

When we have other people's money to play with, we seem to alway play a little more recklessly.

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