Oh, what a difference a decade (or two) can make. Senior editor Tanisha A. Sykes shows you how to get your financial house in order while you're still young.
Live With Your Mama Longer
Building adequate savings early on allows you to get your money plan off on the right foot. Be fiscally responsible by paying some rent. If you’re earning at least $50,000 a year, that may equal almost $43,000 after taxes (15 percent tax bracket) depending on your responsibilities. Save half and you’ll accumulate nearly $22,000 in 12 months.