Why Some People Think They Can't Afford To Save

    ......because they are not looking at the bigger picture. Trust me, you are not alone. The average consumer saves about $392 a year (which breaks down to about $32 a month). Now, this doesn't sound like a lot; which its not but, is that really enough to save for important things like an emergency fund, vacation money, a down payment for a house, etc? In order to accomplish the things you need then you have to save more. For example, the average consumer should save about 3-6 months of living income in case of an emergency. Now that maybe anywhere from $4,000-$6,000 (depending on bills). We have to start somewhere so let's start with the basics. If you sacrifice your daily cup of starbucks, then that will add up.

Ex:

Cost of a grande caramel macchaito (my favorite)  $4.57

$4.57 * 5 days a week = $22.85 a week

$22.85 * 4 weeks = $91.40

$91.04 * 12 months = $1096.80 a year.

That amount well exceeds what the average American saves..........big difference right???

Til next time,

JC