9 Signs You Aren’t Saving Enough Money

Kathleen Elkins writes on Business Insider: “Earning a lot of money doesn’t necessarily make you rich. At the end of the day, no matter what your paycheck reads, you still have to save and invest your money if you want to accumulate wealth.” Here are 9 signs you aren’t saving enough money:

1. You can barely pay your bills each month
2. You tell yourself you’ll save more when you start making more
3. You haven’t started saving for retirement
4. You don’t set aside money for big, upcoming purchases
5. You haven’t started investing
6. You don’t have an emergency fund
7. You spend over 40% of your income on housing
8. You don’t track your expenses
9. You can’t pay more than the minimum on your credit card balance

Elkins also shows tips on how to improve for each of the shortcoming in the article. (businessinsider.com)