This week is “America Saves Week,” a time for consumers to focus on how they can better manage their money. Certified Financial Planner Eleanor Blayney recognizes many Americans may still be struggling to save in the still-recovering economy, but says it's possible for people at any income level to get a better handle on their finances.
“I really haven’t met a person or a client yet who doesn’t have some capacity to save,” Blayney said.
Blayney recommends trying to save 8%-to-10% of your net income in a savings account or certificate of deposit. Blayney also says it's important to participate in your employer's 401(k) retirement savings plan and to put together a household budget to see where you might be able to reap savings. More financial advice and savings resources are available at americasavesweek.org.