How to Save in Your 20s on a Tight Budget

Between paying off credit card debt, student loans, mortgages and other bills, saving for retirement might be on the back burner - but it shouldn't be! Below, financial adviser Alexa Von Tobel shares her tips to help you save for retirement.
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[@123mintjelly]

This is so lame. She must think that housing is still only 500 a month. And when was the last time a bank paid interest ? She is going to have what she put in there, plus a penny a year.

[@edithtorres25]

If we take it literal that is probably true, but I think these are mere reference figures.

[@gardenofe12]

Rachael needs to shut up and let her guests speak!

[@wallisar]

That's all well and good until some crack-head breaks into your house and steals your jar of cash and then your home owner's insurance wants you to "prove" that you had hundreds of dollars in cash in your house. This happened to me. Just put it in the bank.

[@Jesi578]

This is useless to me. I am in my 20s and barely make $1000 a month. Most of money goes to bills.

[@lucidsole912]

what Damn 20 year old makes 40,000 yearly ha ha

[@mastersnet18]

Leeland Whitw a teacher easily makes that

[@Willow_and_Sage]

I make MAYBE 24,000

[@brooklynringer9623]

We do... We are 25.

[@ashhthe123]

Nobody in their 20s in making 40k a year...

[@mastersnet18]

A West um a teacher or really most jobs that require degrees

[@ashhthe123]

mastersnet18 why are people on the internet always set out to argue. Thanks for your opinion 👌🏾 Be blessed

[@mastersnet18]

A West at the same time salaries may be higher where I live. It depends a lot on location.

[@felipebarron3479]

A West im 25 and i make 50k a year

[@dapro2524]

Felipe Barron I'm 19 and make 60k a year

[@jessiealice790]

This is ridiculous. I need something more realistic. I’m 20, I work part time and am studying nursing while living on my own with $600 rent, about $275 in transportation and that’s not including groceries. Where’s there room to save?

[@jessiealice790]

Justin Keith I was kicked out. I’m not a bad kid but the situation was rough so I had to find my own place. There was nothing cheaper than 600

[@etoile1267]

Pick up shifts when you can. Sell things you don't need or want. And save what you can. Not everyone can save $500 a month. But saving something is better than nothing.

[@Ovipokemon]

How much u make a week?

[@jessiealice790]

Ovi different each week. Now lower than ever because I started nursing school and can’t handle too many hours

[@etoile1267]

Yesenia Alessandra I'm a server, I have an irregular income. It varies day to day and week to week, it's possible to save

[@barajasavalos]

I'm 39 and I have a 20 yr old's income 😏 I need an upgrade!!

[@tehilash7292]

Edith A 😂😂me too😒

[@Jo71603]

You can join us every Wednesday Edith!

[@danielfrancis6085]

Dave Ramsey’s baby steps are better.

[@DeepaMaisuria]

Never spend a $5 bill is an interesting idea, but I've found that never keeping change in my purse is easier. I just put all my change in a jar at home (mainly because I don't want change to weigh down my purse because in Canada we have $1 and $2 coins!) and it adds up fast. Then you can give it to your bank teller to deposit it directly into your bank account.

[@katiejanesays4897]

The math doesn't work out... $2500-1300-500= 700, not 800.

[@monda111111]

By 30 secs in i realized not to expect much from this video

[@katrenashields2242]

Great advice i saved 400 dollars this year. Just by saving 5 dollar bills.

[@Eric345]

I’m 20 and make $31K a year.

[@jessiealice790]

NC Styles how?

[@Eric345]

Yesenia Alessandra I do Security at an oil refinery. I also make $3k a year in the Army Reserves.

[@carolbenson6524]

Rachel interupts too much.

[@brooklynringer9623]

I don’t understand what she means by “goals”

[@juliewamona]

So helpful

[@edithtorres25]

This is freaking genius...I've always struggled with the budget thing, but this makes determining ho much to spend weekly SO easy!

[@hoodxocalum7473]

It’s really hard to do this when I have to buy diapers every 2 weeks 😭😩 diapers are so damn expensive for no reason!!!

[@lilylanoue]

Simple and helpful!!!

[@sbranham314]

Who the f*** only has 1300 dollars a month in expense?

[@artdeluxe5625]

She’s delusional

[@GlossaME]

She should be more concerned about how not to be obese.