Since the early 1980s, the U.S. government has encouraged private savings to pick up the slack, primarily through IRAs (Individual Retirement Arrangement) and employer-sponsored defined contribution plans, such as the 401(k).
Thinking about living on a single income might sound terrifying at first, but believe it or not, there are actually many families with two incomes who choose to live on half of what they earn.
Whether you’re looking to save some money for a short term expense or you’re thinking long-term and creating an emergency fund, here are some simple tips that’ll be sure to help your bank account feel stronger than ever before without necessarily ditching your morning latte.
Millennials are big into saving money and for good reason. Wages are lower than they were for previous generations, and costs—including student loans to name just one—are increasing.