401k quit job

As the chasm between the one percent and the working masses widens, the ability to save money is proving more and more elusive for Americans. As we reported during January's government shutdown, so many of us are living paycheck-to-paycheck (and its stresses) and, according to a survey by Bankrate.com, only 40 percent of U.S. adults feel able to pay an unexpected expense of $1,000 or more. And, according to that same survey, 15 percent of respondents said they would put that expense on a credit card. Considering the average card annual percentage rate, or APR, is hovering at a record high of over 17 percent, it can take quite a while to dig out from under and start saving again. "I see people getting into cycles where they're in debt and they get a tax return, they don't save any of it, then incur more debt," says Dr. Moira Somers, clinical neuropsychologist, professor, executive coach and author of "Advice That Sticks: How to Give Financial Advice That People Will Follow," based in … [Read more...] about How to train your brain to save money, according to psychologists