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.