Saving Money Is An Attitude That Must Be Developed

Filed in archive Saving on March 14, 2009

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Saving money is more than just learning a few techniques. Knowing how to save money and having good money
management does not mean that you will end up with money in the bank at retirement time.

In an article by Jennifer Mulrean at MoneyCentral.MSN, she reports on the findings of two economists. She said that Steven Venti and David Wise - who have researched this issue about needing to have the right toward saving money, said in a 2000 study:


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"a wide range in how much people at the same income levels were able to save for retirement. The study also pointed out that it wasn't just the higher income folks who managed to save the most. Indeed, people in the lowest income groups were able to save more than some of their middle-income peers - by about $100,000."

Saving money begins with a desire to do so. Then that can be followed with a discipline of learning to say "No" to unimportant purchases.