While everyone knows it’s important to save money for the future, not all methods of accumulating cash are equally effective.
The U.S. Commerce Department reported that the nation’s savings rate for disposable income in December fell to a 12-year low of just 2.4 percent. It’s not that people don’t try to save. Very often, the problem lies in the methods they choose. Here are 10 ways that people attempt to save that really do not work.