Building savings can provide a safety cushion for economic downturns as well as provide funds for investment, but due to soaring prices, it's become more difficult.
Retire SMART, LLC President and founder David Brooks shares tips on saving for retirement and discusses the impact of raising the retirement age.inflation remains high.
Mark Hamrick, senior economic analyst and the Washington bureau chief of Bankrate.com says the first place to begin is to monitor the money that’s coming out of your bank account reflecting how money is being spent. "I recently dumped my cable TV service in favor of streaming and saved more than $100 a month," says Hamrick.Hamrick says while there’s no shortage of folks flying across the Atlantic to visit Europe, smaller trips closer to home and avoiding the increased cost of airfares can be immensely enjoyable as well. and there’s an inclination to try to make up for lost time," Hamrick tells FOX Business. "That means there are plenty of nearby, regional or U.S.
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