Between millionaires blasting Gen-Yers for eating avocado toasts and reports of millennials spending $96 billion dollars on food, people love talking about twentysomethings spending habits. And while no one wants to discuss sexy topics like soaring college loans, unaffordable housing and the lagging job market, stashing money in the bank is one way you can hit your financial goals. Despite coming-of-age in the worst economic climate since the Great Depression.
In honor of turning over a new leaf this fall, we’ve rounded up saving tips from credit card experts, personal finance gurus and podcasts hosts. Because saving money in your 20s sets you up for your future. Whether that’s a house with a white picket fence or a yurt in an intentional living community, it pays to plan ahead.
Erin Lowry is the author of “Broke Millennial: Stop Scraping By and Get Your Financial Life Together,” also known as the book that she wishes she had when she was 17 years old. The personal finance expert made her name offering straightforward money managing advice on her now-syndicated blog. Here are her three practical ideas for ramping up your own savings this fall.