Having trouble keeping to your budget or even overspending? As part of Yahoo Finance's Investing 101: 5 Rules to Build Wealth special, Money Glow Up host Tiffany Aliche joins Brad Smith to outline how young people entering the workforce can save for their future while juggling debt, student loans, and other necessities like rent.
Aliche highlights strategies for creating a budget while finding space to put away income into retirement accounts or emergency savings.
"So if you have a job, try not to have all your money land in one checking account. Ask HR payroll to split your money before you get your money because you've done the math. And maybe you see there's an extra hundred bucks a month that you can put aside for emergencies," Aliche explains.
"The best way to really circumvent emergencies that might cost more than what you have saved is you might have to swipe that credit card. It's not ideal, but you might. So if that's the case, you want to make sure you're already in good standing. You should know your credit before you need your credit."
In the premiere of Money Glow Up, Aliche sat down with financial therapist and coach Aja Evans to address the anxiety Americans feel about their finances and debt.
Catch more of Tiffany Aliche as the host of Yahoo Finance's Money Glow Up.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Luke Carberry Mogan.