How much should an average 20-22 year olds have in their saving account?

say they are in college, no job, no rent, no bills.


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Most Helpful Guy

  • What expense if any do you have? Do you pay for gas, lunch... anything?

    The way you describe it your account should have at least $5 so it's not closed by the bank.

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Most Helpful Girl

  • I just started saving like 2 months ago (next week I'm turning 20) and I now have 1,500. But it depends on if you have time to work et cetera. I only work around 10 hours a week (bc of my classes) and put most of my pay checks into by savings, but that is because everything is payed for. It has a lot to do with my hispanic culture and being a girl (you don't leave the house till you are married, sufficient, or school). I just do it because I feel like I need to learn money management now when I have to opportunity to mess up and still have my parents support.

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    • 3mo

      Why lie about your age? 17/20.

    • 3mo

      @GrapeJuice lol yeah when I made is account I was embarrassed that I was using this page so I made a fake email and put a fake age. I don't know... I thought it would make me more "ambiguous" to the point that if someone I knew was on they wouldn't suspect it was me. Ik dumb.

    • 3mo

      Right.

What Guys Said 7

  • Wel if they have no job and no debt then probably not much unless they have been saving money from special occasions and their parents

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  • About $500 dollars

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    • 3mo

      if i want to have 100k by i turn 28 would it be possible if i only have 20k now?

    • 3mo

      Yes if you start flipping houses you will pass that big time

  • For me... about 3k right now... including all in stocks.

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  • Zero

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  • like 2 bucks

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  • My sister falls under that age bracket she turned 20, she has no more than $6k and no less than $4k. Not much, but considering she's not only a freeloader, she's always wasting her money. That's a decent amount.

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  • 0 dollars

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What Girls Said 1

  • If you're in college and dont have bills you should be working

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    • 3mo

      my parents doesn't allow me to.

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    • 3mo

      in my country i cannot make my own decision until i finish college. Dont say shit if you dont know the problem.

    • 3mo

      Then dont ask shit if you dont want a real answer

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