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4 Practical Tips for Building Up Your Savings to Launch Your Small Business

May 1, 2018

These everyday fixes can supercharge your stash and help you reach your goal.

Since 1980, we’ve traded the Walkman for streaming apps, the floppy disk for cloud storage, and M*A*S*H for NCIS. Another key shift? Between 1980 and 2017, the U.S. personal saving rate dropped from 12.9 percent to just 2.4 percent.

If you’ve seen a steep decline in your own savings, you’re not alone. Almost half of small-business owners say cash flow concerns keep them up at night, according to a recent Square report. But if you’re looking to launch your own business — or build up funds for another significant goal — here are four actionable tips for amping up savings.

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