Lack of Savings can Lead to Financial Disaster

According to a survey from the National Foundation for Credit Counseling, 57 percent of Americans are worried over a lack of savings.  Forty-three percent are concerned about not having enough “rainy day” savings for an emergency and 38 percent are concerned they don’t have enough saved for retirement. In addition to having a lack of savings, the survey found that 26 percent of U.S. adults – or 61 million people – worry they don’t have enough money to meet their financial obligations.

On today’s episode of Your Money, Your Matters, hosts Linda Webb-Mañon and Rick Grady of the Texas Credit Union League; Todd Mark, Consumer Credit Counseling Services, and Courtney Moran, Texas Credit Union Foundation, will discuss the importance of not only having “rainy day” savings, but also savings for short and long-term financial goals. The four will also share helpful tips on how to save and pay down debt, as well as how to create a spending plan, manage credit and more.

Your Money. Your Matters is a weekly show broadcasting every Tuesday from 11 a.m. to noon CST. The program examines financial issues of most importance to consumers. Tune in; share your thoughts; or gain helpful advice.