savings

5 steps to boost your savings account

5 steps to boost your savings
5 steps to boost your savings © Patpitchaya/Shutterstock.com

Do you cringe every time you check the balance of your savings account?

If the answer is yes, you're not alone. According to Bankrate's June 2013 Financial Security Index, 27 percent of Americans have no emergency savings fund, and just 24 percent of Americans have a savings cushion to cover at least six months' expenses.

"The majority of Americans have some work to do when it comes to saving," says Greg McBride, CFA, Bankrate's senior financial analyst.

However, that work is not as hard as you might think. Here are five easy steps toward a savings awakening.

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Use bonds for school, avoid tax?

Dear Dr. Don, This is a bad news, good news situation that I'm asking about. I just received several Series EE and Series I savings bonds. I am the so-called payable-on-death beneficiary on the bonds. My mom, who purchased... Read more

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