Plus, 'stash' any extra cash you receive that may come in the form of a tax return, bonus, or gift."Īll great advice, of course. As you create an emergency plan, aim to maintain at least six months' worth of living expenses in an easy-to-access checking or savings account. In addition to saving and investing your other funds, create an emergency fund. "Having money automatically deposited from a paycheck into a workplace retirement account can make investing for the future effortless. "Remember, it's never too late to start saving, no matter where you are in life," Anna Colton, Merrill Edge executive, tells Bustle. I asked Millennial women for real stories about savings tricks that helped them, because, TBH, the more savings tips, the better, right?! And, no doubt, you probably have some of your own that you picked up along the way. Some people learn savings tricks from their parents while others may have a financial advisor to guide them - and their money - along. Bustle's Get Money series gets real about what Millennial women are doing with their money, and why - because managing your finances should feel empowering, not intimidating.ĭifferent people have different ways of saving money. According to a recent Bustle survey of more than 1,000 Millennial women, more than 50 percent of people said they never discuss personal finances with friends, even though 28 percent reported feeling stressed out about money every single day. Money is a feminist issue - and yet, women are still reluctant to talk about it.
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