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If you want to be motivated to save more money, you need to understand how it can save your life. Your savings can come in handy if you are in the midst of an emergency. When your source of income is compromised, the money that you stashed away will also help you pay for your basic necessities. There are so many things that saving can help you with but unfortunately, not all Americans are able to save as diligently as they should. Americans love to spend. That is a fact. President George W. Bush even encouraged everyone to spend because 70% of the American economy is driven by consumer spending. While we all know that we need to spend for our basic necessities, it is important for you to know that spending is the number one cause of our inability to save. According to the real-time clock from Retale.com, $60,882 is being spent every second. That means $3.6 million ($3,652,920) is being spent every minute. In an hour, $219 million ($219,175,200) is being spent. that makes the daily spending a whopping $5.2 billion ($5,260,204,800). On one side, this spending is good for the economy. When people spend, it means they are confident about their finances. Businesses will profit from this and the employees will all be compensated well. Everyone's happy, right? The truth is, spending is not all that bad. We do need to spend for our basic necessities after all. But too much spending becomes dangerous if it keeps you from being able to save more money to reach your goals. And if you used credit to fund that expense, that is a dangerous habit. Think about it. If something happens that is similar to the 2008 market crash, your lack of savings could put you in another compromising position. And even if the economy holds steady, you are not immune to personal setbacks. You might end up with a very expensive emergency. One trip to the emergency room or a broken heater in the middle of the winter can cost you a couple of hundred or even thousands in one go. If you do not have any savings, you need to consider how you can build it up so you can prepare for these emergencies. One of the consequences of not having adequate savings is incurring a huge amount of debt. That can compromise your financial position and force you to restructure your debt to make it easier to pay it off.