Savings

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M The average American has less than $1,000 in their savings account. 57 % have less.  The average income is $59,000 or $4900 a month.  That means one month without that pay check and the average American is in trouble.  Of course, they can borrow more money and make it through.

V But how will they get out of that fix?  To know where you are going you have to know how you got there.  Take a hard look at what you purchased with that credit card.  How important are each of those items today.  What is necessary for survival?  Are most of those items headed for donation or a landfill?  Are they worth the price?

M A real treasure is paid bills and peace.