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Signs You Are Not Saving EnoughExamine your finances and saving habits by asking yourself the following questions. 1. Do you know how much you spend?Most people know how much is coming in, but don’t know exactly how much is going out. A purchase like a daily cup of coffee, can mentally go unnoticed until you realize how much it adds up over time.Keeping track of spending can help you identify where you can cut back.2. Do you have savings goals?Is there a big purchase in your future, perhaps a house or car?Think about what you would like to save for and begin setting aside money. 3. Are you living paycheck to paycheck?If you are barely making ends meet, you need to decrease spending and/or increase your income.4. Are you putting off saving for retirement?Many feel retirement is too far away to plan for, but the earlier you start the better.Enroll in a 401K when available and take advantage of any matching by your employer or choose another option for retirement savings.5. Are you investing?Investing is an effective way to build wealth.If you don’t have enough to invest, you aren’t saving enough.You don’t have to invest large amounts, you can get started even with small amounts of money.6. Can you pay your credit card balance in full every month?If you can’t, you are spending too much.Find places to curb spending.Avoid using credit cards at all and pay with cash.7. Do you have an emergency fund set aside?Experts recommend having 3-6 months of living expenses saved in case of an emergency.Start with $1000 and build on it.How did you do? Did you answer “no” to many of these questions? If so, it’s a good idea to start looking at your finances to see where you can start to save. If you need some help, seek advice from a financial expert or you can find resources at: Resource: ................
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