Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.

As a financial planner, I work with young professionals who are great savers. They know the basics of saving, such as cutting the cable cord, making meals at home, and shopping smart. After they’ve mastered the basics, my savvy clients aim to take their savings rates to the next level. 

If you already have an emergency fund, have paid off high-interest debt, and are maxing out your tax-advantaged accounts, you deserve a high five! You’ve already developed good savings habits that lay the foundation for financial freedom. 

When you’re saving at least 20% of your income, how do you save even more? Here are a few suggestions:.

Stack your savings 

We tend to

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Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • Financial planning covers a lot of ground, but there are three things I often see clients overlook when it comes to their money.
  • The first thing is failing to consider the impact of opportunity costs, such as overpaying for insurance when you could be putting more money towards your retirement.
  • The second is skipping out on umbrella insurance — coverage that could help you in the event of a personal liability emergency.
  • Finally, I see many clients forget to check their credit reports, missing out on potential identify theft or inaccuracies, which could impact your ability to get the best interest rates.
  • Check out Vanguard Personal Advisor Services® to get
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