Budgeting Basics, Part 3
In Part 1, you added up your income. Part 2 had you tally up your expenses. Now, before we look at the difference between those numbers, let’s talk about your savings.
Here in the United States, the amount of money Joe Citizen saves is non-existent. In recent years, the statistics have shown the nation’s savings rate at 2% on the high end and a negative 2% on the low end. In other words, our citizenry saves, on average, nothing. Are you an average Joe? [Read more →]