Money Saving Capsule

MONEY SAVING CAPSULE 25% 24% delayed 40% 38% have an 18% are are with their do not retirement emergency O savings retirement save for fund savers age in 2013 retirement ProActive * MONEY SAVERS Females urge males to save more 60% males save 40% females save Comprehensive Planners BUDGET • Have retirement/emergency savings TAX TAX RATE ME ONC • Follow a household budget 7 89 5 6 x : 2 3 4 Basic Planners • Have retirement savings • Have no documented budget Limited Planners Non Planners Avoid credit card debt • Don't save • No savings/ household budget • Mismanage unsecured loans Discretionary Costs to cut Buy one year old car models Avoid buying excessive coffee Mostly eat at home Non-Discretionary Costs to cut Raise insurance deductible Get a Health Savings Account Air-dry your clothes Conclusion The key to savings is to spend less than what you make. There money and hoard-up dollars for retirement or many suitable ways to save are emergencies