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re: What's a "normal" amount of money for a late 20s person to have in savings?
Posted on 7/26/13 at 9:52 am to WG_Dawg
Posted on 7/26/13 at 9:52 am to WG_Dawg
I would look at goals towards retirement instead of a number. As long as you are on the path in your 20's, you are better off than most. You want to have an emergency fund setup.. Roughly 6 months of pure living expenses. Other than that, as long as retirement is on the brain and active savings are accumulating the number isn't that important because of your limited timeframe in the workforce. My 20's was an awesome time, experiencing life, travel, and friends all on my dime. Don't let a singular number bog down this time in your life.
Posted on 7/26/13 at 10:16 am to TROLA
As long as you have enough for 3-6 months of living if you were to get laid off/injured, you should be fine. If you have a ton of money in the bank, you're not doing it right. Pay off debts/invest some of that.
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