61% of people live paycheck-to-paycheck: How to grow money?
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People's spending habits
honestly, it is a surprising figure and interesting statistic to know that more than half of the US population do not save much but spend it (un)wisely /extravagantly. perhaps, they do not have any means of saving a portion of their income as their essential bills are too many. but let's say that a portion of people here can save but aren't saving and just carelessly spending their income. well, I guess what will bug them in the future is their extra cash for any needed expenses that may crop up as they explore deeper life milestones like a home, kids' routine care, family essentials etc. well, I feel that yes, we do need to set aside cash for the rainy day even if it ain't gonna be put into investments. just leaving it in the bank beats being 0 in savings in the bank. lastly, I think it's good to set aside a budget for investing too. a small budget can be set aside each day and accumulated for a good stock. such as an etf. if market ETFs have a 90% chance of yielding returns, I'd put my chances there instead of buying lottery:)
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