Young or old, saving money is one of the most important things a person can do. The sad thing is that we all know this and yet most people don’t focus anywhere near enough time and energy on saving money. Here are two numbers that should horrify you: According to a recent survey, 62% of Americans have less than $1,000 in their savings accounts, and 21% don’t have a savings account at all.
There are a number of very smart services out there that make saving money easier, and Digit is one that recently got a new round of attention from a few blogs. But as brilliant as the company is and as simple as the concept is, this is one service you should probably stay away from. More →