There are many reasons for Americans to save, including:
Almost 70 percent of Americans live from paycheck to paycheck, courting disaster if their income is suddenly reduced or stopped. Americans save much less than people in other industrialized nations. Concern for family financial security and the nation’s economy have increased the number of Americans worried about their personal income and savings.
The savings strategies listed below, many of which are relatively painless, can help you save money for financial stability and to meet future goals:
Establish Savings Habits
Reduce Household Expenses:
Financial Products and Services
Automate your savings
Take advantage of free money
Christenbury, J.H. (2002). “Finding Money to Invest,” in Investing For Your Future: A Cooperative Extension System Basic Investing Home Study Course. Natural Resource, Agriculture and Engineering Service. Ithaca, New York.
O’Neill, B. (undated). Twenty Ways to Save Money. (Publication No. FS563). New Brunswick, New Jersey: Rutgers Cooperative Extension Service.
O’Neill, B. (undated). Where Am I Going to Find $2,000 to Save. (Publication No. FS882). New Brunswick, New Jersey: Rutgers Cooperative Extension Service.
Send to friend