4 Tricks to Actually Saving Money

Americans are doing a bad job of saving, and that's even among those working full-time. A recent survey shed light on the problem, finding that more one in five working Americans have nothing saved from their annual income. Of the people who save, few are coming close to putting away the 20% experts suggest.

There are a lot of reasons Americans aren't saving. Wages may be increasing, but so is the cost of living. Prices for rent, gasoline, clothing, healthcare, and eating out all jumped in 2019, reducing the disposable income available to workers. Outside of not being able to afford to save, some people simply haven't gotten around to it yet. That's common among millennials who are worried about paying off student loans rather than saving for retirement.

Whether you think you can't afford to save or you are pushing it off for a later date, the good news is there are easy ways to do it and actually build up a decent nest egg.

Source Fool.com