HOW MUCH SHOULD YOU SAVE? (AS REPORTED BY FINANCE EXPLAINED ON WWW.MASHABLE.COM)

We all know that we should be saving money, but many of us wonder how much money we should actually be socking away. The answer? At least 20%.

So say the personal finance experts at Finance Explained, who put together this video for Mashable. That 20% should be divided among three different categories of savings – retirement fund, emergency fund, and higher education fund. Take 20% of your yearly income and put it straight into those 3 places before you start spending, and you should be good to go.

Click here to watch the full video.

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