Expert Advice Matthews says that now is exactly the time that A.J. should be worried about socking away savings each month. "My advice is even more urgent when you're young," she says. Matthews says that even setting aside as little as $50 a month is significant, especially because it builds the habit of saving. "You should automatically say, 'This is my take-home pay, these are my expenses and this is what I need to invest.' Then, after that, that's your 'play' money."
Matthews also notes that if you're not saving, your money is basically depreciating while you sleep. "If you're not investing, your money is not accumulating," she explains. "If you're earning zero interest, your money isn't even growing at the rate of inflation."
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