I’ve always been good at saving money and not spending it on items I don’t necessarily need. I do buy things for fun and I make sure to spend my money on experiences that will be worth it, but I also always try to find the right deal for me.

With that said. I’ve never actually had a savings account. So last year I opened one up and I did a quick google search of how much I should have in savings by the time I’m 30. I found a few random numbers that people thought you should have by 30 and I saw some percentages for savings based off income.

In the end of that little research I decided to focus on my savings using the 50 / 30 / 20 rule, which is also what I am currently setting up my budget to be. 50% in necessities, 30% in wants, and 20% in savings. Since I didn’t really start my savings til this year I’ve been a bit more aggressive than 20% of my income every month. I’ve been making sure to divert any extra cash that way to build it and I’ve made sure to have my paycheck split into two bank accounts. That way I don’t even see that 20% ever in my bank account. Makes it way easier to save when it just happening. Bless direct deposits.

My plan right now is to use a portion of my savings to invest once I get to a more comfortable amount in my savings and have it grow that way. As for now I’ve made it a solid year of straight habit to put money in my savings and I feel like that’s a goal worthy accomplishment!

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