They are running their own business while trying to raise a family. They talk a lot about their goals but it's not just talk. The couple puts money aside. According to a recent survey, fewer than 38 percent of Americans have a financial safety cushion in case of an emergency. Experts say pinching pennies can occur through small things, like brewing coffee at home instead of going to trendy take-out places, eating most meals at home and wearing clothes longer instead of getting new threads.
Experts say cutting back helps, but more needs to be done.
Savers should always pay themselves first. The Woods say the secret to making a savings plan work is to start out slow. As you begin to get more aggressive, you really don't even feel it. A key to make saving easier is having the money deducted from a bank account automatically. WFAA.COM has no control over their content or availability.