Money Lessons You Can Learn From the Amish Lifestyle That’ll Turn Your Finances Around
Known For Their Saving Habits
Most people put a small amount of money away for savings each pay period, but the budget category for clothing, entertainment, shopping, and other frivolous expenses is much larger. Since putting money aside is more important to the Amish than consuming, they invest a large portion of their income and save 20% of their earnings instead of the typical 10% or less, like many Americans.
By avoiding unnecessary and pricey purchases, they also make significant savings and can amass a fortune. While giving up fun to achieve this is unnecessary, setting aside a more substantial portion of our income will go a long way.
You must be logged in to post a comment Login