"If you don't have any money, then what's the point of managing it?"
That's a question that Stuart Rutherford encounters a lot. And, he says, it's a common "trap of thinking." People who have money think that people who are extremely poor — living on less than $1.25 a day — don't have even a penny to put away for a rainy day or a daughter's wedding or a fund for a new home.
Last week, I reported a story on the U.N.'s pledge to wipe out extreme poverty by 2030, and I fell into that trap. Sure, I thought, the poor can't save money!