Are You Saving Enough for Your Future?
The idea of saving money is simple, but terrifying. After all, how do you know you’re saving enough every month to cover monthly expenses as well as outstanding debt? What about your emergency fund and retirement plan? And how do your savings factor into huge life expenses, like getting married or buying a home?
Luckily, the breakdown of how much you should be saving is less complicated than it seems. Read the infographic below to get Mint’s expert advice on how much money you should be putting in the bank, spending on important purchases, and socking away for retirement.
(Having trouble reading the infographic? Click to make it larger!)
Infographic courtesy of Mint.com. Photo of piggy banks courtesy of Shutterstock.
Lily is a writer, editor, and social media manager, as well as co-founder of The Prospect, the world’s largest student-run college access organization. In addition to her writing with The Muse, she also serves as an editor at HelloFlo and Her Campus. Recently, she was named one of Glamour’s Top 10 College Women for her work helping underserved youth get into college. You can follow Lily on Twitter.More from this Author