An article on Brownsville Herald recommend saving more money as a resolution to keep. According to a report from the Pew Charitable Trusts, over half of American households have less than one month of income available in case of an emergency. Personal finance bloggers often advise to keep at least three to six months of income as a part of emergency fund. However, saving can be difficult for those with household incomes of less than $35,000. The ability to save mostly depends on age and household income. So, does saving more money rank near the top of your resolution list?
i’ve been known to be a bit of a spend thrift. It used to be clothes, now it’s more practical things like a reflective band to wear while walking home in the dark, vegetable seeds, cat nip treats for my cats etc. This month, I am not buying large americano’s at work, and making my own lunch and breakfast. I deliberately make sure i don’t have cash in my wallet. Every little bit helps.
True! Every bit helps. That’s some good tips there. For me, I still need to save more for some big tickets (house repairs and gutter installation). Good luck!