It was shocking for me to read in the Report of Economic Well-Being of U.S. Households in 2018 that 47% of Americans would experience significant financial distress in order to handle a $400 emergency. Apparently, nearly half of us just do not know how to save money.
I know how easy it is to think we are saving money by buying things on sale, turning down the heat, making our own cleaning products, and other ways we can think of to spend less. Heck, we congratulate ourselves on doing that, right? But hear me on this: