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In my opinion on what young adults can do to become better savers is to have a build in emergency funds. It can make all the difference. Low-income families with at least $500 in an emergency fund are better off financially than moderate-income families with less saved up.
The importance of saving money is rarely disputed. Saving is one of the most basic (and most repeated) bits of financial advice out there. Despite the importance of saving money, many of us aren’t following through on that tip. […]
How Young Adults Can Save Money
As young adults, people are tempted to spend their money on trendy items and/or items for school. Young adults are at the age where they are able to buy what they want and what they need.
Money is a Tool
In contemporary society, many opportunities to spend money and be a consumer is much more prevalent than in the late 1900’s. Products have grown in value, but not necessarily in quality.
Many young adults become buried in debt early on in their lives, whether it be from student loans or other financial aids. More than 35% of American adults have debt of over $35,000, many of which have had that debt since their early 20s. […]
The Truth of becoming a Better Saver
Money, the American currency which society uncontrollably uses. It’s the federal note in which people, specifically millennials, spend without acknowledging the importance of saving rather than spending. […]