This article lists the Top 5 facts that we do not manage our money correctly. The list includes: record high debt, more than 60% of us have less than $1,000 in savings and we worry more about how we are paying for our next vacation instead of worrying about saving for retirement.
About six in 10 Americans (61%) say they don’t even have enough savings to cover a $1,000 emergency like a visit to the ER or car repair, according to a Bankrate.com report released earlier this year. And data from 2017 from GoBankingRates.com found that 39% say they literally have nothing in their savings accounts. What’s more, the Bankrate data found that nearly one in five Americans who don’t have enough emergency savings (19%) would have to put that unexpected expense on a credit card and finance it over time, 12% would borrow from family or friends, and 5% would take out a personal loan.
Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.