5 steps to boost your savings account

5 steps to boost your savings
5 steps to boost your savings © Patpitchaya/

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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