You'll have less freedom with your money if you...

Having less freedom with your money when you are paying for things related to your past reflects the concept of financial obligations impacting current cash flow. When you allocate your financial resources to settle debts or payments for past purchases, it limits the available funds for current spending or future financial decisions. This essentially ties up your money, preventing you from using it as you might wish for savings, investments, or discretionary expenses.

Conversely, putting money in a bank account can actually increase your financial freedom by assuring safety and liquidity of your funds. Earning interest through investments in the stock market can also provide potential growth, which may enhance your financial situation over time. Making less than $35,000 may restrict your income and limit your choices, but it doesn't necessarily constrain your freedom in the same direct manner as paying off past debts does. The key point here is that past financial decisions can create ongoing obligations, thus curbing present-day financial flexibility and options.