If you are one of the thousands of people who wish they knew more about money (especially saving it), then you will appreciate this information. Debt is a big deal right now. Many individuals are swamped with student loans, credit cards, and other obligations that cause financial worry. In fact, according to a survey by Wells Fargo, 47 percent of the millennial generation spends at least half of their paycheck paying off debt.
How can you expect to save enough money under those circumstances? You can start by trying to employ some of these helpful money-saving tips. From saving cash on transportation to making leisure activities more affordable, you might find some financial shortcuts that could pay off (literally).
The information presented below comes from expert financial planners and will help get you started on saving the right way. For example, did you know that an ideal number to save is 20 percent of every dollar you earn? But the reality is that most households only save less than 6 percent.
Featured photo credit: Philip Brewer via flickr.com