Save, save, save! This is advice everyone hears throughout their lives, mostly from those older than they are. Given that the average American's saving rate is a paltry 5.7 percent, it appears as though many are not heeding this good advice.
According to financial blog Get Rich Slowly, one of the best ways to ensure that people are saving enough is to pay themselves first. This strategy means that money is put into a savings account before paying bills and before spending money on food and cell phones. Handling money in this way ensures that it is being prioritized and helps to develop healthy financial habits.
Rick Good spent ten years in the newspaper business, including with The News & Observer (Raleigh, NC) and The Greenville News (Greenville, SC). He co-wrote, with Melinda Coleman, Rutledge to Riley: Governors of South Carolina, 1776–Present (Published by The Greenville News), and is the author of Mind Games Trivia #1 (Amazon). He has recently spent 15 years creating original trivia content through Sounds Good Mobile Entertainment and continues that with his new company, SGME Software. He edits The Smart Reader’s money, real estate, and business coverage.
