“The reason 1/2 of Americans are not saving is because they don’t make enough to feel like whatever they save can make a difference. Don’t quit or you will be destined to never getting ahead. I know how hard it can be. I started from nothing. The first step is to increase your income and the second step is to start saving all the extra money you are making until you are able to make a good investment that will grow that money. Read this and take it seriously.” – GC When it comes to saving, we aren’t doing enough of it. Roughly half of Americans are saving 5% or less of their incomes, including 18% that are not saving anything, according to a survey from Bankrate. Only about a quarter of people are saving more than 10% of their earnings. So how much should you be saving? Bankrate recommends 15%. “Between emergency savings and the ever-increasing burden of retirement savings that is on the individual, the goal should be 15% of your income,” said Greg McBride, the personal finance website’s chief financial analyst. Currently, one in seven people are saving more than 15%, the report showed. “For a lot of people, it won’t happen overnight. It’s going to take some time, but it’s doable, as the middle class is showing.” Those in the middle class are proving to be the super savers with 35% of people with an annual income of $50,000-$74,999 saving more than 10% of their earnings. Of those taking home more than $75,000 a year, 32% were saving more than 10% of their income, according to McBride. Saving more is easier said than done, which is why McBride suggests making it automatic by having a portion of each paycheck be directly deposited into a savings account and a retirement plan. “Saving needs to happen before you pick up your paycheck.” Read the full article on CNN Money