Why is saving so hard? There's a popular image of people who don't save for the future as lacking in self-control. But the reason saving is so hard has less to do with self-control and more to do with a scarcity of attention. read more
But the reason saving is so hard has less to do with self-control and more to do with a scarcity of attention. If you have urgent current expenses to cover, then future priorities like college and retirement fall off your radar because they are simply less pressing. read more
The same idea that makes spending so easy can make saving easy, too, she said; the more one can automate the process and make it painless, the better. If possible, Podnos recommends clients automatically have savings taken from their paychecks, to go into retirement savings and additional savings accounts. read more