Re:Most Millennials are not on track when it comes to saving...
by bad_news_bears on Monday August 13, 2018 @10:34PM
(#17755189)
I turn 25 in several weeks and my net worth just crossed $150k a month back. I currently make just shy of $80k in Minneapolis.
The biggest recommendations I can give for trying to save more money:
Make yourself work a bit – sock away more than what you would deem “comfortable” and live off the rest. You’ll be forced to really think about what’s worth spending on.
Get a roommate. I save probably $3,000 a year from this alone, and a big plus is that I get along just fine with him.
Spend frivolously on things that really let you have fun or relax – to a point. I like Mexican food, a good gym membership, and quality groceries. I don’t worry about what I spent on these items because I spend next-to-nothing elsewhere.
Start young. I opened my Roth when I was 17 and have maxed it out each year, in addition to maxing our my work retirement accounts the last few years.
The biggest recommendations I can give for trying to save more money:
Make yourself work a bit – sock away more than what you would deem “comfortable” and live off the rest. You’ll be forced to really think about what’s worth spending on.
Get a roommate. I save probably $3,000 a year from this alone, and a big plus is that I get along just fine with him.
Spend frivolously on things that really let you have fun or relax – to a point. I like Mexican food, a good gym membership, and quality groceries. I don’t worry about what I spent on these items because I spend next-to-nothing elsewhere.
Start young. I opened my Roth when I was 17 and have maxed it out each year, in addition to maxing our my work retirement accounts the last few years.