By Tim Kowols
Developing a spending plan could help you keep more of your money in your pocket. According to the Pacer Center, the average family loses 30 percent of their money due to careless spending. Developing a spending plan can show you where your money is coming from and where it ends up in the long run. Gay Pustaver from Money Management Counselors says after awhile, people get frustrated with not having money when they truly need it.
According to the St. Louis Federal Reserve in 2016, the personal savings rate is just 5.7 percent, which is half of what it was 50 years ago.
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