How much money do you save?

Did you know that 57% of Americans  have less than $1000 in their savings account? Yes, that is right.  I was surprised to read it as well, and infact 39% have no savings at all.

This is based on a 2017 survey by GoBankingRates .

It doesn't matter how much one earns, what matters most is how much one save.  This is so true!!!

If you are in the 20s and have just began your career, a good rule of thumb is to save atleast 15% of the salary. Once you have an emergency fund that equals to 3-6 months of expenses, one can start contributing to the retirement account. Having an emergency fund, and regular savings starting at young age will go a long way in ensuring one is debt free.

I will write more in the upcoming posts...