Financial Fitness and Wellness | Blog - by SARA CHEVERE

Want To Build Smart Spending Habits? Here Are 4 No-fail Ways To Get Started.

The changing dynamics of the world might have led Americans to change many things, but saving habits is not one of them. According to the Atlantic, nearly half of the US citizens do not even have $400 in their accounts as a reserve in emergencies. These statistics are bleak and point to a grave financial situation that we all find ourselves in. Saving rates in many of the developing economies of the world, including Australia, New Zealand, Japan, and European countries, have been increasing steadily. However, America is not one of them. 

The Covid-19 pandemic locked most of the Americans in their homes, and with traveling, dining out, and other activities outside their families came to a static halt, it appeared that we were saving more. The savings aggregate improved for a few months. Still, while talking to CNBC, financial experts reported that the current trend might have significantly less or no lasting effects on Americans’ saving habits. 

Our poor saving habits...

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