If you want to save money to start a business, you’re in good company. The majority of small businesses are funded through savings; one out of three small businesses launched with less than $5,000 in startup capital.
Hoping to save money also matters after you start a business. Some small businesses take years to turn a profit, and a huge percentage of startups fail because they run out of money.
Hoping to save money to start and build a business is one thing; if you want to start saving money, period, you’re also not alone: A recent survey shows that over half of U.S. adults don’t have sufficient savings to cover an unexpected $1,000 expense.