Alright everyone, I have a quick one for you today. As most of you know, I love infographics. I can’t get enough of visuals because it helps me understand a concept better. That being said, the following visual is tragic. I actually used to be in this statistic class and I am happy to say that I am no longer.
Why I Save
As you can see from the graphic below, we, as Americans, are doing a horrible job at saving our money. How can we think this is OK? As I got out of debt, I would have been embarrassed to have that little in my savings account. As a new parent, I am happy that I have some cash reserves to makes sure I can support my family. This give me great comfort and that is why I save. If you are struggling to pay off debt and save, then why not check out my debt payoff/savings allocation method. It worked well for me and I hope you can do it.
So, check out the below infographic and tell me how you feel about our savings dilemma. These numbers scared me a little.
I’ve Been Cable Free for 5 Years and Still Watch TV
While in debt, I cut cable and haven’t looked back. It’s easier than you think especially with new services out on the market. One of my favorites is Sling TV, which allows you to watch live TV on the internet. It’s awesome. Check out my Sling TV review.