A Visual Explanation of Why You Should Save in Your 20s
When you’re a young professional, everyone’s always telling you to save.
But it’s not easy to save on an entry-level salary, when you’re trying to make it on your own for the first time, especially if you’ve gotta pay back student loans.
Besides, does it REALLY matter if you save this year? It’ll be fine if you start saving next year instead, right?
This infographic from Lifetuner does the “save now” mantra justice, showing exactly why you should make the extra effort to save THIS year. Check out how much more the 20-something worker (Mary) has saved by the time she turns 65. The benefits of compound growth are massive.
So here’s our question for you: Is it possible to save 10 percent of what you make when you’re a young professional? Are you managing it? Got any tips for your peers? Let us know in the comments!
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