Dave Ramsey has been preaching this for years.
A new study has been unleashed that shows just how “anxious and depressed” Americans are about their cash situation. Here’s a look at what some of you would be wiling to let go of in order to get your mitts on an extra thousand bucks:
- Between the ages of 18-44, 75% would be willing to forego the final season of “Game Of Thrones.”
- Another three-quarters said they’d be able to live without “the Internet for a week” and “give up coffee for a year.” When you think about that last one, though – if they gave up coffee for a year they’d probably save at least that much.
- And get this – close to 70% said they’d rather “share their weight” than share how much money they’d set aside.
Another sobering stat? That only 39% of Americans had enough cash stashed to cover a $1,000 car repair or emergency room visit. If that stressful event did arise, 36% say they’d without a doubt have to borrow money from someone to cover it. To set aside some money, here are a few of steps to get back ahead of the game:
- “Pay yourself first” by setting aside a certain amount for your future needs.
- Cutting out even one cup of coffee a day can save you as much as five bucks.
- Couponing still pays off if you’re doing it right.
- Most people never use that gym membership they bought…so lose it.
- Consolidate credit card debt into on simple, and lower, payment
Doing just a couple of these can ensure that you don’t have to go without “Game Of Thrones” next year!
Source: The Street