4 Reasons You’re Not Saving Money

4 Reasons You’re Not Saving Money

Though Americans are technically doing a better job of saving now than in past years, most of us still have a lot of catching up to do. In fact, an estimated 57% of U.S. adults have yet to accumulate $1,000 in a savings account, while 39% have absolutely no money saved at all. If you've yet to amass a respectable sum of savings, there's a good chance one of the following factors is to blame.

Following a budget is a crucial component of saving money, yet most Americans don't take this easy step. Only 41% of households maintain and stick to a budget, which means that most folks are missing out on a key opportunity to track their spending and identify ways to save.

IMAGE SOURCE: GETTY IMAGES.

Continue reading

Source: Fool.com