During the past five years the consumers nationally have only saved 4.2% of their income. This lack of saving has left a majority of Americans unprepared for daily emergencies and future needs ranging from auto purchases, home repairs, college education, and even retirement.
Planning and saving can help you:
Break the cycle of living paycheck-to-paycheck.
Create a more secure future.
Combat expensive check cashers.
Reach goals of home ownership, education, retirement and more.
If you are savings “challenged”, we’ve got four simple steps to help you jumpstart your savings habits.
Plan it! Choose a goal. What do you want to save for?
Set a plan for paying off credit cards and other debts.
Select savings techniques that are right for you. (Write yourself a check to go into savings each pay day.
Use direct deposit, automatic transfers or payroll deductions for regular savings deposits.)
A little planning will help you save a little…and get a lot!