Wealth manager: 'The solution to your money problems isn't more money'—it's this (via CNBCMakeIt)
Most Americans, 60%, don't have enough in savings to cover an unexpected $1,000 expense. And more than one in five, 21%, aren't saving at all.
After cutting out his morning coffee, Reining eliminated the $15 lunches he bought every day. Next, he cut out the bigger things, such as the $1,000 a month he spent on flying lessons. "Now I buy a $5 latte and it's no big deal," he adds,"but I think it was really important to get the ball rolling by starting with something small."
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