Having trouble saving money? You’re not alone. According to Bankrate.com, one in ten Americans have absolutely nothing saved for retirement. Considering that retirement is quite far away for many folks, it’s easy to see how it gets put on the back burner. But what about the costs that you need covered now? USA Today reports that one third of American adults don’t have any emergency savings, which means they’re just one major car repair or one medical emergency away from going into some serious debt.
One of the biggest savings obstacles for many people is not knowing where to start. How much should you be saving? According to financial experts, you should be socking away about 15 percent of your gross income in order to meet your savings goals. That may sound like a lot, but the sooner you start saving, the sooner you start protecting yourself and your family from financial struggles both now and in the future.
Fortunately, even those without a dime in savings today still have hope. If you’re new to the world of budgeting and saving, there are some great apps that can help you get started. You might be surprised to see how much you can save when you have some help from financial experts.
