![]() ![]() Here's a look at what Buchanan earns, how she spends it, and what she's learned from her good financial habits. Kelsey Buchanan, outside her home in New Hampshire. "It's not just about saving enough for right now, but for the long term." "You always have to be forward-thinking when it comes to your budget," Hughes says. According to Citizens Bank branch manager Erica Hughes, Buchanan is putting herself on the right financial track by developing a strict budget so early in life. It was definitely a time of stress."īuchanan kicked her budgeting game into high gear, creating a monthly budget and faithfully sticking to it. "I realized I was either going to have to ask friends and family for assistance, or I needed to get a second job. "I was a student paying all my own bills," she says. This reality hit her a few years ago, when she realized the money she was bringing in didn't cover her expenses. She knows firsthand the challenge of budgeting for Generation Z. Those numbers could make anyone's head spin, but they wouldn't surprise Kelsey Buchanan, a 23-year-old art teacher in New Hampshire. On top of that, people under 25 typically spend 24% of their pre-tax income on housing. ![]() A third of people in their 20s have student loan debt, which averages about $25,000 for those with a bachelor's degree. The average 20- to 24-year-old American earns $576 a week, or $29,962 annually. It's a time when salaries typically are at their lowest and - given the realities of today - debt and housing prices are high. The first decade of adulthood may seem relatively carefree, but it poses many financial challenges.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |