A recent survey from bankrate.com caught my attention: only 40% of Americans have $1,000 in savings to pay for an emergency. This means that 60% don’t!
I started to reflect on this stressful situation. I also reflected on my own personal rules of managing my family’s daily finances, the lessons that I taught my four now twenty-something children, and lessons I’ve learned from my daily money management clients. My simple but steadfast goals can be summarized as follows: spend less, save more and pay off debt.