Saving is now the trend!!

While there are plenty of people who will head to the nearest mall, or online store, when they feel down to engage in a little retail therapy, it turns out not spending that money may make them feel a whole lt better.

A new poll finds:

  • Two-thirds of Americans say saving money makes them happier than spending it.
  • Cutting discretional spending like shopping is the thing most people are willing to do in order to save $100 a month (43%).
  • Other ways to save money include adding another source of income (27%) and reducing saving priorities (17%).
  • 39% of consumers say they are prioritizing savings this year compared to 23% last year.

And it seems money in general is causing folks a lot of stress. According to the poll:

  • 45% of the population is constantly worrying about money.
  • More people lose sleep over money (32%), than relationships (20%), work (15%), and fear of missing out socially (4%).

Source:CIT Bank

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