Why shopping pays

Dan Danford, Founder and Chief Executive Officer of Family Investment Center, answers this week's episode of Money Made Easy.

As a frequent speaker to college students, Danford said he is often asked about spending. The first, and most important, point he stresses is making wise decisions when spending. Most people who suffer from financial hardship tend to have spending issues, he said.

Continuing his series of "back to basics" financial advice, Danford explains "why shopping pays."