The recession which the entire world entered in December 2007 has shown the importance of savings to us. Even though it is said that we are recovering from the recession but still in many families we can see its effect.
Our future will be in great trouble if we still didn't get the importance of savings.
Empty WalletEvery year many of us make new year resolutions to save more money but never followed it. But now it's time to do it.
In general people should save at least 25% of their income but many of us save less than 1% of our income. That's not good for us and our family. One shouldn't expect it to be made by the employer or the government.
Twice as many Americans are saving more money today than they did before the recession, according to a survey conducted by America's Research Group for CNBC.com. That's good news. But thats not enough. It should be done by each and every individual. There are many ways for savings. We should think and use them. Our future is in our hands.
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