Much of our society is focused on money. How can I make more? How can I save more? How can I get more? And yet, the following are some surprising stats about the current state of saving money in America:
45% of Americans have absolutely no savings.
69% of Americans have under $1,000 in their savings.
Close to 1/3 of Americans are living paycheck to paycheck, with no ability to save.
So what can we do? Begin with a budget. Pause and assess what you’re earning, what you’re spending on needs, what you’re spending on wants, and where you have room to save.
While most people believe budgets are restrictive, we believe the opposite here at Weber CPA. We recognize that budgets provide freedom, guidance, and peace regarding your finances. Budgets allow you to allocate your funds with intention and freedom to spend and save as you believe best -- without guilt.
We’re here to help you each step of the way and would love to come alongside you in your budgeting plans. Our business advisory program gives you recurring access to great business and tax advice, allowing you to tackle today’s problems and focus on tomorrow’s opportunities.
Data per GoBanking Rates research.