11% of Americans Have No Savings: 6 Expert Tricks To Motivate Yourself To Save More

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2023-09-04 11:00:17  • 7 mins

Saving money can be a difficult habit to form, especially if youre living paycheck-to-paycheck. A recent survey by GOBankingRates found that nearly 11% of Americans have no savings at all. This means theyre unable to pay for surprises like medical bills or auto repairs, which can easily put them into debt.

Check Out: 4 Red Flags as You Check Your Bank Statements Every Month

Learn: How To Get Cash Back on Your Everyday Purchases

If youre part of the 11%, now is the time to start making small changes that will make a lasting impact on your savings account whether youre just getting started or retirement is quickly approaching.

With some advice from industry experts, weve come up with six tricks to help motivate your saving habits so you can build a financial safety net and feel more comfortable.

Visualize Your Plan and Be Specific

Its easy to say you want to start saving money, but its even easier to push it off until later. Dont let procrastination get the best of you. Start by coming up with a plan that works for you.

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