It is interesting to note that the savings rate is the highest since June 1998! What is really interesting though is how the savings rate jumps during recessions.
Funding an Emergency Fund
This is a follow-up article to How To Build An Emergency Fund. In this article…
How To Build An Emergency Fund
Savings Enemy #2 Is… Payday Loans
Easy Cash Around The Corner There is an amazing source of “easy cash” …at your local “Payday Lender”. It is estimated that payday lenders provide instant cash to more than 15 million people each month. According to the Center of Responsible Lending (http://www.responsiblelending.org/), for the year ending 2006, there were over 23,000 payday loan outlets [...]
Savings Enemy #1 Is… Credit Cards!
Death of Good Money Saving Habits
What Happened To My Savings? I truly believe that your savings discipline and habits will ultimately determine how wealthy you become. Making money is a skill that can be learnt, and so wealth is not about how much money you make, but about how much you keep. But whatever happened to good money saving habits? [...]