StashLearn
Financial education, no lectures.

Follow and listen to our podcast

Get the app
Teach MeMoney NewsMoney TalkStash
Money Talk

Ep. 027: Why is Saving Money in Your 20s So Hard?

July 10, 2018

1 min read

If you like what you’re hearing, leave us your review on Apple Podcasts, or wherever you listen to your favorite podcasts.

Ah, your 20s. You’re young, you’re enthusiastic, and yeah, not making a lot of money. Unless you’ve got a trust fund or lucked into a high-paying job right out of college, your 20s can be a time of cheap dinners, roommates, and the feeling like you’re going to be broke forever. Saving money just isn’t easy.

In our 20s, our lifestyles are in flux. Our rent, debts, relationships, and salary at age 21 might not work for us at 29.

Here’s the good thing: Because you’re young, you can be open-minded about changing your financial habits. The older we get, the more locked-in our fears and ideas of what our budgets should become.

Learning how to save money when you’re young won’t just prepare you for retirement. It can pay dividends every day of the year.

Saving money in your 20s

This week, we have the first in a series of two episodes from Erin Lowry, the author of ‘Broke Millennial: Stop Scraping By and Get Your Financial Life Together.’ She offers solid tips and tricks for saving money together in your 20s and beyond.

Thanks for listening to Teach Me How to Money. Send us your questions at [email protected], and we’ll try to answer them on a future episode.

Don't have Stash yet?

Here's $5 to get you started on your investment journey.

Get my $5

 

Disclosure: This podcast should not be copied, distributed, published, or reproduced in whole, or in part. The information contained in this podcast does not constitute a recommendation from Stash to the listener. Neither Stash, nor any of its officers, directors, or employees makes any representation or warranty as to the accuracy or completeness of the statements, or any of the information contained in this podcast, and any liability, therefore, including in respect of direct, indirect, or consequential loss or damage, is expressly disclaimed. The views expressed in this podcast are not necessarily those of Stash, and Stash is not providing any financial, economic, legal, accounting, or tax advice, or recommendations, in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of advice by Stash to the listener, nor to constitute such a person a client of Stash.

By Lindsay Goldwert
Lindsay Goldwert is Senior Editor at Stash.

Next for you
Under 25? Start Your Retirement Planning Today

Investment Profile

Slow & Steady

Learn more about volatility with one of the most popular investments on Stash.

Learn more
Explore more articlesChoose a topic to learn more about
pop culture money lessons budgeting love and money Technology
Disclaimers

This material has been distributed for informational and educational purposes only, represents an assessment of the market environment as of the date of publication, is subject to change without notice, and is not intended as investment, legal, accounting, or tax advice or opinion. Stash assumes no obligation to provide notifications of changes in any factors that could affect the information provided. This information should not be relied upon by the reader as research or investment advice regarding any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

Furthermore, the information presented does not take into consideration commissions, tax implications, or other transactional costs, which may significantly affect the economic consequences of a given strategy or investment decision. This information is not intended as a recommendation to invest in any particular asset class or strategy or as a promise of future performance. There is no guarantee that any investment strategy will work under all market conditions or is suitable for all investors. Each investor should evaluate their ability to invest long term, especially during periods of downturn in the market. Investors should not substitute these materials for professional services, and should seek advice from an independent advisor before acting on any information presented. Before investing, please carefully consider your willingness to take on risk and your financial ability to afford investment losses when deciding how much individual security exposure to have in your investment portfolio.

Past performance does not guarantee future results. There is a potential for loss as well as gain in investing. Stash does not represent in any manner that the circumstances described herein will result in any particular outcome. While the data and analysis Stash uses from third party sources is believed to be reliable, Stash does not guarantee the accuracy of such information. Nothing in this article should be considered as a solicitation or offer, or recommendation, to buy or sell any particular security or investment product or to engage in any investment strategy. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Stash does not provide personalized financial planning to investors, such as estate, tax, or retirement planning. Investment advisory services are only provided to investors who become Stash Clients pursuant to a written Advisory Agreement. For more information please visit www.stashinvest.com/disclosures.