Saving Grace
Forty percent of Americans have less than $300 in savings — far lower than figures before the coronavirus pandemic, which forced 55% of respondents to dip into those accounts, according to a GOBankingRates survey. But it doesn’t take a coronavirus raging across the world and causing lockdowns, closed workplaces, and skyrocketing unemployment to realize that people with healthy savings accounts do better than those living paycheck to paycheck. If you’re going to start turning these statistics around and invest in yourself, here are some simple mistakes to avoid.