Frugal Fab 5’s Tips for America Saves Week

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CHARLOTTE, N.C. — Did you know it’s America Saves Week? The focus is to encourage savings and financial literacy.

Marsha Barnes is one of the Frugal Fab Five, a group of financial bloggers and professionals who will be in town this week for a meet and greet.

Barnes says focus on paying down your bills first and then save.

She says go by the 50-30-20 rule. Fifty percent of your money should go towards paying bills, 30 percent towards household necessities and put 20 percent in savings.