It’s America Saves Week, an annual event put on by America Saves and the American Savings Education Council to promote good savings behavior and encourage individuals to evaluate how they use their resources. The week coincides with the organization’s release of it’s annual survey results, which this year showed an increase in the number of Americans who reported saving at least 5% of their income from 47% to 52%. It also showed that an overwhelming majority of those who had done some kind of financial planning around their savings and other financial goals made far greater strides than those without a plan, but that’s a different argument for a different day.
In honor of the week, we wanted to share a recent article by personal finance blogger, author and New York Times’ Sketch Guy columnist Carl Richards. Carl’s article suggests we’ve gotten too caught up in “savings – good, spending – bad” as the only way we think about our relationship with money and how we use it to meet our needs and reach our goals.