We all know we should be saving money. For college, for retirement, for the rainy day. But how disciplined are you about saving every month?
According to this article 7 out of 10 Americans live paycheck to paycheck. In 1985 Americans saved 11% of their income, now the number is close to zero. The author mentions an interesting point: People who are making tons of money are not necessarily saving a greater percentage of their income than people who make less.
The author talks about setting up a savings tin with her husband - they put their loose change in it and have saved $2600+ in five years. Do you have any savings tips or tricks? Please share with the rest of us!
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$2600 saved in five years between two incomes? That's pretty sad, frankly.