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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
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