Young Adults Need to Save Too

It is no surprise that Americans have issues saving money. I've heard too many people say that being happy now is more important to them than being happy a year down the road. To help solve that, I created a YouTube channel in hopes I can connect to the younger crowd and make finance a little more fun and understandable. I will try to come out with new videos every Sunday so give them a view and subscribe if you'd like to follow along!

In Episode 1 I talk about Emergency Savings. To break it down:

• College students should have $500 to $1000 in a savings account. That would cover car issues, speeding/parking tickets, or any other unexpected costs.
• Single working individuals should save 6 months of monthly expenses. In addition to unexpected expenses, you now have the risk of getting laid off. Having money saved will give you time to get back on your feet and find a better situation.
• Married couples with shared incomes can get by with 3 months. Same risks as being single, but now you have a buffer. If you have kids, you may want to up this amount back to 6 months of expenses.

You can find my YouTube channel here. New episode out on Sunday!