753: Why Saving Money In Your 20s Is A Good Idea by Michelle Schroeder-Gardner of Making Sense of Cents

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🗓️ 16 January 2019

⏱️ 8 minutes

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Summary

Michelle Schroeder-Gardner of Making Sense of Cents shares why saving money in your 20s is a good idea. Episode 753: Why Saving Money In Your 20s Is A Good Idea by Michelle Schroeder-Gardner of Making Sense of Cents Michelle Schroeder-Gardner created Making Sense of Cents in order to help improve her own finances. With diligence, she was able to pay off $38,000 in student debt in 7 months, kept track of progress, and helped readers along the way. She's currently touring North America and living out of an RV. You can learn more about her and see her monthly income reports at MakingSenseOfCents.com. The original post is located here: https://www.makingsenseofcents.com/2015/10/why-saving-money-in-your-20s-is-a-good-idea.html Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Are you ready for a Monzo Business Bank Account?
0:03.3	Heather from the Accounter's Growth Club was,
0:05.3	knowing what cash I have is really important and Monzo Business makes it easy.
0:09.8	It automatically puts 20% of my income into a tax pot.
0:14.0	When it's time to pay your VAT, I always know the money's there.
0:17.0	If you're ready for a Monzo business account, apply today.
0:20.0	Just search Monzo Business. Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Pro for £5 a month.
0:28.1	T's and C's apply.
0:29.2	This is Optimal Finance daily episode 753.
0:34.0	Why saving money in your 20s is a good idea
0:37.0	by Michelle Schroeder Gardner of Making Sense of Sense.com.
0:41.0	And I am Dan, the guy who is here each weekday reading to you from some of the best
0:46.2	blogs on personal finance anywhere. Now let's get right to today's post as we optimize your life.
0:54.0	Why saving money in your 20s is a good idea
1:00.0	by Michelle Schroeder Gardner of Making Sense of Sense.com.
1:05.0	Recently I read Elite Daily's article called
1:08.0	If you have savings in your 20s, you're doing something wrong.
1:11.0	There are so many things wrong with this article. The author basically says that you
1:15.2	should spend all of your money in your 20s even if you have money to start saving in your 20s.
1:20.3	Saving money in your 20s to her means that you are boring, lazy, and just planning for your death.
1:25.0	To state the obvious, I disagree with her article.
	...

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