Sacrifice and Save We all have heard the story of saving for a rainy day or make sure you have an emergency reserve personally and/or within your business. The real deal is that most of us don’t have it. A recent survey said that 70% of Americans have less than $1,000 in their savings. Calculate Your Savings Rate A savings rate can be calculated for an economy as a whole or at the personal level. […]
In our part one of the costs of financial illiteracy, we looked at the story of R. Kelly a popular R&B singer to emphasize America’s lack of knowledge concerning budgeting and saving. We continue exploring this problem by looking at the Literacy Project. The Literacy Project s a nationwide organization that works to address and fix America’s financial illiteracy. Recent statistics show that the number of Americans who are “functionally illiterate” (Meaning they can read […]
Women tend to nurture and provide for those they love to the detriment of their needs. They support loved ones -emotionally, spiritually, academically, and physically. When called upon for financial support, they find it hard to say no! Preparing for personal and business savings takes planning and a made-up mindset. Building habits to save takes time and in most cases that doesn’t happen overnight, nonetheless committing to saving is a key component for peace of […]
