Americans have become increasingly bad at saving their income – 62% of American households have less than $1000 in savings. But saving money is one of the best ways to achieve financial freedom. By having large cash reserves, you allow yourself the opportunity to reduce costs in your everyday life. In addition, you have the ability to make investments or take advantage of opportunities as they arise. In this article we will outline various easy ways that you can save money for the future.
1. Smart Car Buying
Cars are a depreciating asset – meaning they lose value over time. Some economists think that purchasing a car is one of the worst investments anyone can make. Luckily, there are a few tricks that can help you reduce costs when purchasing a car.