Are You Wasting $1,668 a Year Like the Average American?
Saving money is important. Without an emergency fund, you risk racking up debt when unplanned bills pop up. And without retirement savings, you risk struggling financially during your golden years, and having to make hard lifestyle choices that force you to compromise to an uncomfortable extent. But the more money you waste, the less you'll have available to save, and unfortunately, Americans aren't strangers to throwing money away.
In a wasteful habits study released earlier this year by The Ascent, Americans reveal that they throw away $139 a month, on average, which translates to $1,668 a year. Seeing as how 60% of Americans don't have enough money in the bank to cover a $1,000 emergency expense, and 42% of Americans have less than $10,000 in retirement savings, that's a lot of money to be losing out on.
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Source Fool.com
