Fancy cars and designer clothing make us look great but hide a deeper problem of little personal savings and poor fiscal management habits. We think everyone is doing better than us, but according to a Bankrate.com study, 63% percent of Americans haven't set aside even $1,000 to cover emergencies. To avoid future financial ruin and get on the right fiscal track you should consider a budget overhaul based on your needs. We as Americans can be too focused on how we look today without balancing out the needs of tomorrow. A chart by the Organization for Economic Co-operation and Development shows that the average household savings rate is 4% which is lower than other many other countries. Making changes can help you overcome problems and begin to save money while living a more genuine life. Risks of Low Emergency Savings If you are drowning in bills and debt, you might consider adjusting your habits to encourage higher levels of savings. You never know when an emergency occurs
The blog discusses current affairs and development of national economic and social health through unique idea generation. Consider the blog a type of thought experiment where ideas are generated to be pondered but should never be considered definitive as a final conclusion. It is just a pathway to understanding and one may equally reject as accept ideas as theoretical dribble. New perspectives, new opportunities, for a new generation. “The price of freedom is eternal vigilance.”—Thomas Jefferson