Financial Health: How to Budget & Save
January 13, 2016•9 min
If nearly 25 percent of all New Year's resolutions are broken by the second week of January, why do people make them to begin with?Did you know by the second week of January, 25 percent of all New Year's resolutions have already been broken? One of the top resolutions in 2015 was to spend less and save more.While cutting out some expenses like daily trips to the coffee shop may save some pocket change, there are other ways you can find hidden savings.According to a new study released by USAA Bank, 51 percent of adults say that they are not able to save regularly. About 32 percent of men say that they always set aside money versus 23 percent of women.When needing to cover unexpected expenses, you might think to take money out of a savings account. However, 35 percent have been compelled to borrow money from family and friends, 23 percent have sold personal items, and almost half of respondents seek out additional work.Listen in as J.J. Montanaro, Certified Financial Planner, shares how you can learn to save and stay on track with your finances.