How much money should i have in my savings account at 25

Many of us take the money we have in the bank for granted. But as of 2022, a good 37% of Americans could not afford an unplanned $400 expense, according to the Federal Reserve.

So if you're in a position where you're wondering if you have too much money in savings, that's a pretty good place to be.

At the same time, you don't want to overfund your savings account, because doing so could mean missing out on better returns elsewhere.

How much should i put in my savings every paycheck

It's important to try to strike the right balance.

The best way to use a savings account

To figure out if you've overfunded your savings account, you'll need to decide how much money you want on hand for unplanned expenses.

The general rule of thumb is to keep enough cash around to cover at least three full months of essential bills. Beyond that, there's wiggle room.

Depending on your comfort level and the type of job and expenses you have, you may decide that you need a six-month emergency fund.

Or, you may even want more protection than that, which is totally fine.

Of course, if you're going to maintain a larger emergency fund, you should try to

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