Let me start by asking you a simple but important question.
What is the single biggest factor contributing your financial prosperity and security?
Invariably your answer to the above question would have been, “Savings”.
However, in spite of the fact that most people know that their financial well being depends upon saving money but of late it has been found that people’s savings are decreasing. In fact, their savings ratio tends to be in the red zone.
Actually more than savings you got to know your savings ratio. [Read more...]