This article originally appeared in the Motley Fool.
If you’ve yet to save your first $1,000, take comfort in the fact that you’re in good company. An estimated 69% of Americans have less than $1,000 in a savings account, and 34% have absolutely no savings at all. Whether your lack of savings stems from too many bills or not enough self control, here are five tips to help you finally hit that goal.
1. Create a budget
You might think you have a decent handle on your finances, but without a budget, you’ll have a much harder time tracking your spending and finding room to save. It’s estimated that only 41% of Americans follow a household budget, so if you’re not one of them, it’s time to bust out that spreadsheet and get to work. First, start by listing your different spending categories and figuring out…