What 14 Millennial Women Have In Their Savings Accounts Right Now

Ad failed to load

Money is a feminist issue — and yet, women are still reluctant to talk about it. According to a recent Bustle survey of more than 1,000 Millennial women, more than 50 percent of people said they never discuss personal finances with friends, even though 28 percent reported feeling stressed out about money every single day. Bustle's Get Money series gets real about what Millennial women are doing with their money, and why — because managing your finances should feel empowering, not intimidating.

Saving money is always a big topic of conversation among people, especially if they live paycheck-to-paycheck. It also may make you curious as to what Millennial women have in their savings accounts right now. Do you have a similar amount? More? Less? Nothing? Chances are, you'll be able to relate to ~someone~ I spoke to below. "Remember, it's never too late to start saving, no matter where you are in life," Anna Colton, Merrill Edge executive, tells Bustle. "As you get older, consider job changes, salary increases, and lifestyle changes as an opportunity to evaluate your savings plan and how much you're contributing to your retirement. In addition, consider automating your savings. Having money automatically deposited from a paycheck into a workplace retirement account can make investing for the future effortless."

Seems like solid advice, especially given that statistics show that many Millennials are not big savers. A 2016 GoBankingRates survey found that among "young Millennials" — those between 18 and 24 — 72 percent had less than $1,000 in their savings accounts, and 31 percent had nothing. A small number, 8 percent, had over $10,000 saved. As for "older Millennials" — those between 25 and 34 — the survey found that 67 percent had less than $1,000 in their savings accounts, 33 percent had nothing, and 15 percent had over $10,000.

Ad failed to load

Check out the entire ‘Young Money’ series and other videos on Facebook and the Bustle app across Apple TV, Roku, and Amazon Fire TV.

Why The Low Numbers?

Erin Lowry, Millennial finance expert and author of the upcoming book BROKE MILLENNIAL: Stop Scraping By and Get Your Financial Life Together, inspired by the blog of the same name, weighs in on reasons for the low numbers. "Overspending and lack of a budget are both common factors for why both men and women do not have significant savings," Lowry tells Bustle. "For Millennials, there's often a pressure to be balancing lifestyle with significant student loan debt, and those living in metropolitan areas with high cost of living find it difficult to put more than a few bucks away per paycheck. Because saving $10 or $20 per paycheck sounds so insignificant, many people will give up before they even get started. They may wonder, why bother saving $10 a paycheck, when it would take five months to get to just $100 (assuming you're paid bi-weekly)?"

Ad failed to load

How Can Millennials Save More?

~This~ is the question, right? How can you and I save more?! "In addition to saving and investing your other funds, create an emergency fund," Colton says. "As you create an emergency plan, aim to maintain at least six months' worth of living expenses in an easy-to-access checking or savings account. Plus, 'stash' any extra cash you receive that may come in the form of a tax return, bonus, or gift."

So what did I find out? Here's what 14 Millennial women said they have in their savings accounts right now.

Ad failed to load

Psst! Have you checked out Ellevest, a unique digital investment platform for women? Pay no advisory fee for the first three months when you sign up today. Get started here.

Ad failed to load

1Onye, 25


2Madelyn, 30


3Tanya, 32

Ad failed to load

4Erin, 29


5Sarah, 23


6Nicole, 32

Ad failed to load

7Alicia, 27


8Angela, 28


9Jennifer, 28

Ad failed to load

10Ashley, 25


11Andi, 24


12Hannah, 27

Ad failed to load

13Anna, 31


14Rachel, 27


As you can see, the amounts of money female Millennials save varies quite a lot. I'm glad to see, though, that many seem to have organized finances, and save more than the 2016 GoBankingRates survey data found. As Colton says above "it's never too late to start saving," and I think that's a great rule of thumb to follow. Don't you?

Check out the “Get Money” stream in the Bustle App for more tips and tricks on how to save and spend your money.

Ad failed to load
Must Reads

11 Ways To Stay Positive When Dating Feels Like The Worst, According To Matchmakers

With every first date that leads to nowhere or every non-relationship that ends up being a waste of your time, finding love can seem far from possible. It can also be pretty rough on your self-esteem if you continually put a lot of effort into dating…
By Kristine Fellizar

I Tried Venus' New Facial Hair Removal Device & Will Never Get My Upper Lip Area Waxed Again

I remember the first time I realized I was growing hair above my upper lip. It was when a very rude seventh grader decided to point it out in front of my friends and me during our lunch break. He wasn't wrong — just mean — and ever since then, I've b…
By Sara Tan

Here Are The Exact Steps To Take If You Want To Travel All The Time & Work Remotely

When I first decided I wanted to become a digital nomad — someone who travels non-stop while working remotely — I was terrified and unsure if I would actually go through with it. I worried my work would suffer from all the travel and time zone change…
By Suzannah Weiss

7 Ways To Celebrate Your 30th Birthday That Are Feminist AF

Turning 30 is a pretty major milestone; it's one of those birthdays where large parties, floods of presents and many bouquets from besotted admirers seem to be in order. And as a woman and a feminist, I'm here to offer some additional 30th birthday i…
By JR Thorpe

Here’s Everything Leaving & Coming To Netflix In April

As the virtual shelf life for non-original Netflix programs grows shorter and shorter, fans of the streaming service are bidding woeful goodbyes to their favorite titles left and right. So, for those who need some time to prepare, here's everything l…
By Angelica Florio

Is Amazon's Alexa Making Our Relationships Weird?

Earlier this year, I started dating a guy who was in a very codependent relationship with Alexa. Alexa helped this guy (I'll call him "Paul") decide where to eat dinner and reminded him to work out. Alexa handled his to-do lists, restocked his toile…
By Sophie Saint Thomas

You Can Get Too Faced Mascara & Tarte Lipstick For HALF OFF At Ulta This Month

It's finally here! Ulta's 21 Days of Beauty Sale runs from now through Saturday, April 7 and is the retailer's epic "event" of the year. The promotion features "Beauty Steals," which means 50 percent off specific products for a single day. It also in…
By Amy Sciarretto

7 Things My 20s Taught Me About Toxic Relationships

I'll be turning 30 in less than a week, and while I'm trying to get all the habits of my twenties out of the way ASAP, I'm also reflecting on the what I learned over the past decade. And top of the list is the lessons I learned about toxic relationsh…
By JR Thorpe

7 Surprising Things That Happened When I Went A Month Without Drinking

If someone asked you if you could take a break from drinking alcohol, would you be able to do it? You may think it’s no big deal to take a month off from drinking, or you may think it’s a *huge* deal, as alcohol seems to be the center of many social …
By Natalia Lusinski

I Wore 'Dad Shoes' For A Week & They Were SO Much Cooler Than I Thought They’d Be

It’s no secret that fashion loves a good polarizing trend. Not too long ago, Birkenstocks made their high fashion runway appearance at Céline and Crocs followed suit on the runways of Christopher Kane and Balenciaga. Now, it’s time for the "ugly" sne…
By Dale Arden Chong

8 Ways Younger Millennials Communicate That Older Millennials Don’t Get

When comparing the ways our parents grew up communicating and the way we all grew up communicating, it seems like their generation and ours grew up in a different world. The technology our parents grew up with was so basic, it's ancient in comparison…
By Kaitlyn Wylde

This Is The ONE Sign That Won’t Be Affected By Mercury Retrograde This Month

It really doesn't seem fair that one astrological sign can ever enjoy the benefit of escaping the wrath of Mercury retrograde — that is, of course, unless that sign is your own — but it happens. Occasionally, the stars just align in the right way for…
By Kaitlyn Wylde

Why My Boyfriend & I Started Couples Counseling 6 Months Into Our Relationship

Right away, Kurt and I agreed on almost everything. We had met through a mutual friend in 2015, but we didn't start dating until we came across each other on Bumble a few years later. That's when we discovered that we were on the same page when it ca…
By Rachel Simon

This Primer & Mascara Combo Literally Doubles The Length Of My Eyelashes

Even as someone who loves beauty, I was never been particularly passionate about finding the perfect mascara. And then I got lash extensions for the first time. While I enjoy the long, full lashes that lash extensions provide, I always found myself j…
By Olivia Muenter

I Accidentally Fell In Love With My Friend With Benefits & It's Painful

Against my better judgment, I have fallen in love with my friend with benefits. I think I may have fallen in love with him month ago, but being stubborn AF, I fought against those feelings, tooth and nail, and, when it was suggested by a couple close…
By Amanda Chatel

This Viral Post About A Woman Breastfeeding In Public Actually Has A Happy Ending For Once

And today in things that will warm even the coldest of hearts, we have this: A story recently posted to the r/TwoXChromosome subreddit about a dad’s response to his daughter shaming a breastfeeding parent is everything. Posted by Redditor u/starsonwi…
By Lucia Peters

These March Beauty Launches Require Your Immediate Attention

I write one of these beauty editorials every month (feel free to check out January and February 2018 if you're in need of even more products to shower yourself with). Sometimes, I get worried that there won't be enough newness to share — especially b…
By Amanda Richards

Here's How You’re Most Likely To Get Your Heart Broken, Based On Your Zodiac Sign

Getting your heart broken can be one of the most painful experiences you can have in your life. But if you're into astrology, being familiar with your zodiac sign can be pretty helpful. For instance, when you know the ways you're likely to get your h…
By Kristine Fellizar

How I Learned Losing Your Job Isn't The End Of The World

Two and a half years ago, I was taking a day off from my marketing job at a San Francisco tech startup to host a friend when I got a call from the CEO. Apparently, I'd missed a pretty big day: 80 percent of the company, including the whole sales and …
By Suzannah Weiss

Meghan Markle's First Appearance With The Queen Included An Homage To Princess Diana

Fashion pundits love keeping a close eye on what the women of the monarchy are wearing, especially when there's an overlap with Princess Diana's sense of style. We're nothing but nostalgic when it comes to Princess Di and her on-point aesthetic. Find…
By Marlen Komar

Why Arizona's Exit From 'Grey's Anatomy' Is A Huge Blow To The LGBTQ Community

Whenever I re-watch Grey's Anatomy, I don't start with Derek Shepherd waking up in Meredith's apartment after their first hookup. I start with Season 5, when Callie first meets Arizona in a bar. I start here, because I want to watch someone like me f…
By Martha Sorren

I Couldn't Find A Beauty Campaign With Plus Size Models, So I Made One Myself

In the fall of 2015, I visited relatives in my hometown, a small suburb of New Jersey. There isn't much to do there, apart from dining at Applebee's or hitting the mall. As a plus size woman, cruising through a shopping mall is a mixed bag. Certain d…
By Marie Southard Ospina

The 21 New Books That Goodreads Users Are Most Excited About This Spring

Despite the fact the Northeast is being pummeled by yet another storm that threatens to trap the region in snow and ice for eternity, winter is finally almost over, and you know what that means. No, I'm not talking about April showers or May flowers …
By Sadie Trombetta

If You’re Addicted To Rewatching ‘The Office,' There’s An Actual Reason For That

A few weeks ago, I tweeted that I was looking for fans of The Office who can't stop, won't stop rewatching the series, and that they should email me if they'd like to contribute to an article about their obsession. By the next morning, I had 32 messa…
By Lia Beck