Despite Earning Below Average Income, We Saved 30% Last Year. Here’s How

2020 was a good year for us savings-wise. We managed to save 30% of our income, which is significantly better than the national average for 2020 of 16%. This is even more impressive considering our income is rather mediocre. According to the 2019 Consumer Expenditure Survey by the U.S. Bureau of Labor Statistics, the average … Continue reading Despite Earning Below Average Income, We Saved 30% Last Year. Here’s How

How Do Average Americans Spend Their Paychecks?

According to a joint survey by the Association of Young Americans and AARP, 55% of Americans spend equal to or more than they earn, which means that more than half of Americans are not able to save any money at all on a regular basis. But where does this money go? What are the common … Continue reading How Do Average Americans Spend Their Paychecks?

Learn How To Budget In Microsoft Excel

Budgeting is an important skill to learn to be financially successful. According to the U.S. National Financial Capability Study, 19% of individuals reported that their households spent more than their income in 2018. That means that approximately 1 in 5 Americans spend more money than they earn. This can often happen when people do not … Continue reading Learn How To Budget In Microsoft Excel