“I’ve never met a person who regretted saving money,” said Mark Hamrick, Bankrate.com’s senior economic analyst. But “no matter what level of wealth someone has, it requires a certain amount of discipline,” he added.
For those who are ready to tighten their purse strings, Hamrick recommends a self-assessment to figure out whether there are areas to cut back – “the result of that, with any luck, is a more successful program of saving.”
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