Search
  • sandra919

How much money should you save? Almost half of Americans are not saving enough.

How much should you have in savings?


It depends on your expenses. If your expenses are, for example, $2,000 per month, and this includes all of your expenses, including rent or mortgage, car payments, food, gas, etc...Financial experts recommend that people save between 3 to 6 months of expenses. However, according to Springleaf Financial, over 40 percent of Americans are saving less than this recommended amount. They are living from paycheck to paycheck, meaning if they miss one paycheck, they will be behind on their expense payments. The most interesting part of this study is that this is across all income and education groups, from peoeple earning $10,000 per year to people earning over $200,000 per year. From people without a GED or high school diploma, to people with a graduate degree.


The study states tha this is caused by a lack of financial education. People just do not know how much they should save, and do not understand the real consequences of not saving until it is too late and they have to learn "the hard way."


For more information, please browse th rest of our website, and for a free consultation with a bankruptcy attorney, please contact the Rashid Law Firm, a bankruptcy law firm in Houston TX, at 832-209-8833.


http://investor.springleaffinancial.com/releasedetail.cfm?ReleaseID=882764




Recent Posts

See All

Intrago files for bankruptcy

On April 19, 2013, Intrago, a business that rents out Segways across the United States, has filed for bankruptcy under Chapter 7 of the Bankruptcy Code in the Colorado Bankruptcy Court. The company wa

  • Facebook Basic Square
  • Twitter Basic Square

©2021. The Rashid Law Firm. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Disclaimer: This Website contains general information. The information on this Website is not intended to be legal advice and viewers should consult with an attorney.

AREAS WE SERVE: Alvin Angleton Bacliff Bayou Vista Baytown Brazoria County Clear Lake City Cypress Dickinson Friendswood Fort Bend County Galena Park Galveston County Harris County Hitchcock Houston Humble Katy Kemah Lake Jackson La Marque La Porte League City Manvel Montgomery County Pasadena Pearland Rosenberg Seabrook South Houston Spring Sugar Land Texas City The Woodlands Tomball Walker County Wharton County Waller County Webster