It’s important to build good savings habits as early as possible, but there are certain mistakes to be mindful of at every age. Here are some of the most common savings mistakes to avoid at every age.
Savings mistakes to avoid for 20-somethings…
Whether out of choice or necessity, many people spent less money in the last year and a half on things like entertainment, clothes and furniture. For some, that meant holding on to more of their income. If you were able to save some cash, you’ve set yourself up to withstand future financial crises…
No doubt, millions of Americans weren’t prepared to lose their jobs or have their work hours reduced by the economic shutdown brought on by the coronavirus pandemic. It is a life-altering event that invites us all to take a hard look at our savings habits.
The personal saving rate, the amount of income left over after people…