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How to build savings from zero

first_img 50SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr You’ve seen the numbers. They aren’t pretty.A recent Bankrate.com survey of 1,000 adults suggests that 66 million American adults have zero dollars saved for an emergency. That dovetails nicely with a report that came out earlier this year from the Federal Reserve, which looked at the economic well-being of American households. And things are not going so well. About one-third of 5,695 respondents to a 2015 survey revealed they would have trouble dealing with a $400 emergency.Sound familiar? Start building your savings with some of these methods.Start small. That’s advice from Mackey McNeill, founder and president of Mackey Advisors, a wealth management firm in Bellevue, Kentucky.“If you have never saved anything in your life, save $5 a week or $10 a week,” McNeill says, adding: “Pick a number that, regardless of disaster, you can achieve.” continue reading »last_img read more