A recently published report paints an alarming picture of the state of many Americans’ personal finances. The Federal Reserve says four in 10 could not come up with $400 to cover an unexpected expense and two in 10 cannot pay their monthly bills in full. Lindsey Stanberry is the author of the new book, “Refinery29 Money Diaries: Everything You’ve Ever Wanted To Know About Your Finances… And Everyone Else’s.” The book is based on Refinery29’s popular “Money Diaries” series, where women publicly track all of their expenses for one week for everyone to see and pick apart. Stanberry joins “CBS This Morning” to discuss why women still feel awkward talking about money, the importance of savings and tips for changing the way you spend.
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