Surveys……….
A recent survey showed that many USA households have less than $1000 in savings. 63% don’t have enough savings to cover a $500 emergency.
In the UK, a survey of 1000 households showed 20% have no savings. 12% had savings of less than £250. There are over 8 million people in this position.
The question then arises——-
Are you saving enough for the inevitable rainy day?
—-Also
Are you saving enough for your retirement?
Do you live from paycheck to paycheck, unable to make any savings, overburdened by bills, rent, mortgage payments and credit card payments?
This scenario is very COMMON in our modern society. However YOU can break it?
—–>How?
You can break out of the mould by cultivating the habit of paying YOURSELF first.
Learn to pay yourself first when you receive your monthly or weekly payment.
Set up an automatic transfer from your check or current account to a savings account on the day you receive your payment. Pay yourself first before making other payments. Set up an emergency savings account and direct your automatic transfer into it.