From a nation whose savings rate was negative only a couple of years ago, the U.S. last year was up to a 4.6% last year and could reach as high as a 6.5% this year.
That’s quite the turn-around. And thank goodness. If money is power, saving money is empowering.
Savings Starts Somewhere
Since keeping financial secrets from your spouse can be a recipe for disaster or the other D-word, it’s best to start on these basics together. Who knows? You could fall farther in love over your finances. He might even find your healthy savings account tantalizing, and she may think your financial confidence is devilishly attractive.
So, what can you do to be part of the savers? This is the first part of a 5-part installment on becoming a Savings Superstar. For a little sneak peak at the general advice, keep reading:
-Know your plastic personality.
-Don’t trust yourself to pay yourself first.
-Deposit your paycheck and other money to your savings account.
-Limit yourself to one ATM withdrawal per week.
-When you make a credit-card purchase, record it immediately.
-When you subtract a check from your account, round up the amount.
-Toss your spare change into a fun savings bank.
-Bag the savings from brown-bag lunches.
-Pay yourself after you’ve paid off a debt.
-Give yourself a cooling-off period.
Do you feel empowered yet?
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