In a recent national study, the average savings rate for most Americans was zero percent. Let me say that again, zero percent. That means that Americans don't save. This is a pretty disturbing statistic but it explains the current economic woes plaguing the country right now. As Americans, we need to make a stronger effort in putting money aside for the future. A good rule of thumb is to put away about ten to fifteen percent of your paycheck away either in a high yield savings account as well as other investments like an IRA etc. If you have debt, it's important that you pay that off first before you even start to invest, but you should still at least put something aside no matter how much debt your in. By doing these simple tasks, you should be able to improve your financial health.
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