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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 96 (from laksa043)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa096.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.citizensbank.com/learning/a-young-professionals-guide-to-saving.aspx\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.citizensbank.com/learning/a-young-professionals-guide-to-saving.aspx\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.citizensbank.com\/learning\/a-young-professionals-guide-to-saving.aspx","crawl_time":1775873311,"first_indexed_time":1671201652,"http_code":200,"src_unparsed":"com,citizensbank!www,\/learning\/a-young-professionals-guide-to-saving.aspx s443","src_root_hash":"448972343396181896","history_drop_reason":null,"meta_title":"A young professional's guide to saving and budgeting | Citizens","meta_descriptions":["Learning how to build a financial foundation as a young professional is challenging. Discover money saving tips and actions to take as a young professional."],"attrs_boilerpipe_text":"Key takeaways\nThe article provides practical steps to create smart strategies for saving money.It's recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay.When your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options.\nIt’s good practice to start saving money as soon as you land your first job. But saving money can bring up complicated questions: How much of my income should I save? How much can I afford to invest in my 401(k)? And how can I save while also paying down my student debt?\nThis article offers practical steps, so you can be ready to save for the future. Let’s start with your monthly budget.\nStep 1:  Make a budget\nA written\nbudget\nmaps out your income and expenses by showing where your money goes, month-to-month. It supports your spending and savings plan.\nBudgeting may sound complicated, but it starts with just a few simple steps.\nAsk yourself why you’re budgeting. What goals are you working toward and what do you need to achieve them? Figure your monthly income and recurring expenses, including living expenses (rent, utilities) and regular payments (student loans, car payment). This can help you see how much money you have left for everything else.\nSet a budget for different categories of spending. Outside of what you need for food and shelter, you should have some discretionary income for dining out, entertainment, travel, etc.\nMake sure to leave a portion for savings. A good rule of thumb is to squirrel away 15 to 20 percent of your income each month. It’s okay if you can’t afford that amount just yet. There are strategies to build it up over time, so it doesn’t feel overwhelming. For example, start with a percentage that’s doable and raise it at the beginning of each new calendar year. Before you know it, you’ll be saving like a champ.\nStep 2:  Plan your savings\nThat extra money can build for the future. You may have a variety of savings goals to put the funds toward. There are two or three pots you should take extra care to fill, first:\nEmergency fund\n. This should cover three to six months of living expenses. The money from this fund can come in handy when paying for unexpected expenses or events, like a car repair or job loss.\nEmployer-sponsored retirement plans. Many companies offer a 401(k) plan to help employees save for when they stop working. You can contribute up to $23,000 a year to your retirement account. It also allows employers to match some, or all of your contributions. If you can’t save the maximum amount per year ($1,916.66 per month), strive to contribute at least the amount of the employer match. Your 401(k) plan documents will tell you the percentage of any potential company match. Don’t leave “free money” on the table, by not taking advantage of this benefit.\nPersonal retirement accounts. You can also open an individual retirement account. This account can help you save for retirement regardless of the benefits your employer offers. IRAs often have a wider array of investment options, and once the account is set up, you can contribute up to $7,000, annually.\nTo make saving easier, you can automate your contributions with recurring deposits. You may also consider adding to your paycheck deferral one percent of your salary increase each time you get a pay raise. This ensures your savings grow along with your present prosperity.\nBonus tip: leverage financial tools, like\nCitizens Savings Tracker\n™\n1\n, to help automate your savings so you can stay on top of your goals.\nWith any retirement account, it pays to start early, even if you can’t contribute that much at first. These accounts grow through compounding interest’. This type of interest is reinvested, and ultimately, provides more money for retirement. So, a little today can grow into a lot, given enough time.\nStep 3: Manage your debt\nWhether it’s from student loans or credit cards, debt and the associated interest can really add up. According to one\nindependent study\n, the average young borrower has about $29,702 in non-mortgage debt. Millennial homeowners carry an average mortgage balance of $295,689.\nPaying off debt\ncan help free up money for other things. The quicker you pay it off, the less interest you must cover as the debt lingers. It's generally recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay.\nStep 4: Invest\nWhen your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options.\nYou don’t need to be fabulously wealthy to get started. Simply begin with whatever you have left over from maxing out your 401(k). Investing a little early goes a long way. If a 25-year-old invests $240 per month, assuming a 9% yearly return, they’ll have $1 million by the time they’re 65. However, wait just ten years to start, at age 35, and they’ll have to put away a lot more money, each month, to reach the same milestone.\nBy understanding what you have, what you need, and how you can make that money work for you, it’s easier to save for the important things in life. Now that you have more information about saving your money, try the\nCitizens retirement planner calculator\nto see if you’re on track for your own retirement.\nReady to tackle your financial goals?\nWhen you have multiple goals to save for, you don’t have to feel overwhelmed. Planning and prioritization can make you ready to reach them all. Citizens is here to help – with banking that stands with you and grows with you. And with automatic transfers from your checking to your savings account, you can set money aside and watch your savings add up.\nWant more ways to hit your savings goal?","attrs_markdown":"[![citizens](https:\/\/www.citizensbank.com\/assets\/CB_resources\/images\/cbds-logos\/logo-citizens__horz-green.svg)](https:\/\/www.citizensbank.com\/homepage.aspx)\n\n- [Español](https:\/\/www.citizensbank.com\/es\/homepage.aspx)\n- [Find a Branch\/ATM](https:\/\/www.citizensbank.com\/customer-service\/branch-locator.aspx)\n- [Customer Service](https:\/\/www.citizensbank.com\/customer-service\/contact-us.aspx)\n\nLog in\n\n- [Personal](https:\/\/www.citizensbank.com\/homepage.aspx \"Personal Navigation\")\n- [Student](https:\/\/www.citizensbank.com\/student\/overview.aspx \"Student Navigation\")\n- [Business](https:\/\/www.citizensbank.com\/small-business\/overview.aspx \"Business Navigation\")\n- [Corporate](https:\/\/www.citizensbank.com\/corporate-finance\/overview.aspx \"Corporate 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Focus](https:\/\/www.citizensbank.com\/learning\/a-young-professionals-guide-to-saving.aspx \"Areas of Focus Navigation\")\n  - [Locations](https:\/\/www.citizensbank.com\/private-banking\/locations\/overview.aspx \"Locations Navigation\")\n  - [Insights](https:\/\/www.citizensbank.com\/private-banking\/insights\/overview.aspx \"Insights Navigation\")\n- [About Us](https:\/\/www.citizensbank.com\/about-us\/overview.aspx \"About Us\")\n  - [Our Company](https:\/\/www.citizensbank.com\/learning\/a-young-professionals-guide-to-saving.aspx \"Our Company Navigation\")\n  - [Sustainability & Impact](https:\/\/www.citizensbank.com\/learning\/a-young-professionals-guide-to-saving.aspx \"Sustainability & Impact Navigation\")\n  - [Newsroom](https:\/\/investor.citizensbank.com\/about-us\/newsroom\/latest-news\/2025.aspx \"Newsroom Navigation\")\n  - [Careers](https:\/\/jobs.citizensbank.com\/?utm_source=citizensbank.com&utm_medium=referral&utm_campaign=careersite \"Careers Navigation\")\n  - [Investor Relations](https:\/\/investor.citizensbank.com\/about-us\/investor-relations.aspx \"Investor Relations Navigation\")\n\n[Header Name](https:\/\/www.citizensbank.com\/learning\/a-young-professionals-guide-to-saving.aspx)\n\n- [Español](https:\/\/www.citizensbank.com\/es\/homepage.aspx)\n- [Find a Branch\/ATM](https:\/\/www.citizensbank.com\/customer-service\/branch-locator.aspx)\n- [Customer Service](https:\/\/www.citizensbank.com\/customer-service\/contact-us.aspx)\n\nLog in\n\nSelect a secure login\n\nLog in\n\n[Trouble logging in?](https:\/\/www.citizensbankonline.com\/olb-root\/trouble)\n\nNew to Online Banking?  [Enroll Now](https:\/\/www.citizensbankonline.com\/olb-root\/enrollment)\n\n# Four steps: A young professional's guide to saving money\n![](https:\/\/p1.aprimocdn.net\/citizensbank\/6c076651-5272-4f25-a2f3-aec2005ad2ef\/GettyImages%201220152647_H1%20Hero.jpg)\n\n## Key takeaways\nThe article provides practical steps to create smart strategies for saving money.It's recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay.When your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options.\n\nIt’s good practice to start saving money as soon as you land your first job. But saving money can bring up complicated questions: How much of my income should I save? How much can I afford to invest in my 401(k)? And how can I save while also paying down my student debt?\n\nThis article offers practical steps, so you can be ready to save for the future. Let’s start with your monthly budget.\n## Step 1: Make a budget\nA written [budget](https:\/\/www.citizensbank.com\/learning\/how-to-create-a-budget.aspx) maps out your income and expenses by showing where your money goes, month-to-month. It supports your spending and savings plan.\n\nBudgeting may sound complicated, but it starts with just a few simple steps.\n\n- Ask yourself why you’re budgeting. What goals are you working toward and what do you need to achieve them? Figure your monthly income and recurring expenses, including living expenses (rent, utilities) and regular payments (student loans, car payment). This can help you see how much money you have left for everything else.\n- Set a budget for different categories of spending. Outside of what you need for food and shelter, you should have some discretionary income for dining out, entertainment, travel, etc.\n- Make sure to leave a portion for savings. A good rule of thumb is to squirrel away 15 to 20 percent of your income each month. It’s okay if you can’t afford that amount just yet. There are strategies to build it up over time, so it doesn’t feel overwhelming. For example, start with a percentage that’s doable and raise it at the beginning of each new calendar year. Before you know it, you’ll be saving like a champ.\n## Step 2: Plan your savings\nThat extra money can build for the future. You may have a variety of savings goals to put the funds toward. There are two or three pots you should take extra care to fill, first:\n\n- [Emergency fund](https:\/\/www.citizensbank.com\/learning\/building-an-emergency-fund.aspx). This should cover three to six months of living expenses. The money from this fund can come in handy when paying for unexpected expenses or events, like a car repair or job loss.\n- Employer-sponsored retirement plans. Many companies offer a 401(k) plan to help employees save for when they stop working. You can contribute up to \\$23,000 a year to your retirement account. It also allows employers to match some, or all of your contributions. If you can’t save the maximum amount per year (\\$1,916.66 per month), strive to contribute at least the amount of the employer match. Your 401(k) plan documents will tell you the percentage of any potential company match. Don’t leave “free money” on the table, by not taking advantage of this benefit.\n- Personal retirement accounts. You can also open an individual retirement account. This account can help you save for retirement regardless of the benefits your employer offers. IRAs often have a wider array of investment options, and once the account is set up, you can contribute up to \\$7,000, annually.\n\nTo make saving easier, you can automate your contributions with recurring deposits. You may also consider adding to your paycheck deferral one percent of your salary increase each time you get a pay raise. This ensures your savings grow along with your present prosperity.\n\nBonus tip: leverage financial tools, like [Citizens Savings Tracker](https:\/\/www.citizensbank.com\/savings\/savings-accounts\/savings-tracker.aspx)™1, to help automate your savings so you can stay on top of your goals.\n\nWith any retirement account, it pays to start early, even if you can’t contribute that much at first. These accounts grow through compounding interest’. This type of interest is reinvested, and ultimately, provides more money for retirement. So, a little today can grow into a lot, given enough time.\n\n[![Keep your savings goals on track. Citizens savings tracker helps you save in just a few taps. Follow link to learn more. Member FDIC.](https:\/\/p1.aprimocdn.net\/citizensbank\/b62bc4e5-3b9b-4269-9f2f-b0d801448ad8\/2099756_CK23_ActiveSaver_CTA_1600x684_rv_Original%20file.jpg)](https:\/\/www.citizensbank.com\/savings\/savings-accounts\/savings-tracker.aspx)\n## Step 3: Manage your debt\nWhether it’s from student loans or credit cards, debt and the associated interest can really add up. According to one [independent study](https:\/\/www.experian.com\/blogs\/ask-experian\/research\/consumer-debt-study\/), the average young borrower has about \\$29,702 in non-mortgage debt. Millennial homeowners carry an average mortgage balance of \\$295,689.\n\n[Paying off debt](https:\/\/www.citizensbank.com\/learning\/budgeting-to-pay-off-debt.aspx) can help free up money for other things. The quicker you pay it off, the less interest you must cover as the debt lingers. It's generally recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay.\n## Step 4: Invest\nWhen your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options.\n\nYou don’t need to be fabulously wealthy to get started. Simply begin with whatever you have left over from maxing out your 401(k). Investing a little early goes a long way. If a 25-year-old invests \\$240 per month, assuming a 9% yearly return, they’ll have \\$1 million by the time they’re 65. However, wait just ten years to start, at age 35, and they’ll have to put away a lot more money, each month, to reach the same milestone.\n\nBy understanding what you have, what you need, and how you can make that money work for you, it’s easier to save for the important things in life. Now that you have more information about saving your money, try the [Citizens retirement planner calculator](https:\/\/www.citizensbank.com\/investing-and-wealth-management\/products-services-and-calculators\/financial-calculators\/retirement-planning-calculator.aspx) to see if you’re on track for your own retirement.\n## Ready to tackle your financial goals?\nWhen you have multiple goals to save for, you don’t have to feel overwhelmed. Planning and prioritization can make you ready to reach them all. Citizens is here to help – with banking that stands with you and grows with you. And with automatic transfers from your checking to your savings account, you can set money aside and watch your savings add up.\n\n## Want more ways to hit your savings goal?\n[Start saving](https:\/\/www.citizensbank.com\/savings\/savings-accounts\/overview.aspx)\n## Related topics\n### Key considerations for a solid financial plan\n[Learn more](https:\/\/www.citizensbank.com\/learning\/key-considerations-for-a-solid-financial-plan.aspx)\n\n### How to choose a financial planner\n[Learn more](https:\/\/www.citizensbank.com\/learning\/choosing-financial-planner.aspx)\n\n### Financial moves to make by age 35\n[Learn more](https:\/\/www.citizensbank.com\/learning\/financial-moves-to-make-by-35.aspx)\n\nlearningwealthyoungprofessionalsguidetosavingviewwealthconsumercb\n\n![citizens](https:\/\/www.citizensbank.com\/assets\/CB_resources\/images\/cbds-logos\/logo-citizens__horz-green.svg)\n\n##### Company\n- [About Us](https:\/\/www.citizensbank.com\/about-us\/overview.aspx)\n- [Career](https:\/\/jobs.citizensbank.com\/?utm_source=citizensbank.com&utm_medium=referral&utm_campaign=careersite)\n- [Community](https:\/\/www.citizensbank.com\/about-us\/community.aspx)\n\n##### Help\n- [Contact Us](https:\/\/www.citizensbank.com\/customer-service\/contact-us.aspx)\n- [Resource en español](https:\/\/www.citizensbank.com\/es\/homepage.aspx)\n\n##### Resources\n- [Branch Locator](https:\/\/www.citizensbank.com\/customer-service\/branch-locator.aspx)\n- [Financial Education](https:\/\/www.citizensbank.com\/learning\/overview.aspx)\n- [Share Feedback](https:\/\/www.citizensbank.com\/learning\/a-young-professionals-guide-to-saving.aspx#0)\n\n- [About Our Ads](https:\/\/www.citizensbank.com\/about-our-ads\/overview.aspx)\n- [Site Requirements](https:\/\/www.citizensbank.com\/site-requirements\/overview.aspx)\n- [Security & Legal](https:\/\/www.citizensbank.com\/account-safeguards\/overview.aspx)\n- [Privacy Rights](https:\/\/www.citizensbank.com\/account-safeguards\/privacy.aspx)\n- [Accessibility](https:\/\/www.citizensbank.com\/ada-compliance\/overview.aspx)\n- [Do Not Sell or Share My Personal Information](https:\/\/www.citizensbank.com\/learning\/a-young-professionals-guide-to-saving.aspx)\n\n©  Citizens Financial Group, Inc. All rights reserved. Citizens Bank, N.A. Member FDIC\n\n1 Subject to account eligibility. Only available on the Citizens Mobile Banking application. Text and data rates may apply.\n\n**Disclaimer:** The information contained herein is for informational purposes only as a service to the public, and is not legal advice or a substitute for legal counsel. You should do your own research and\/or contact your own legal or tax advisor for assistance with questions you may have on the information contained herein.\n\nCitizens Wealth Management is comprised of both banking and brokerage affiliated companies.\n\nSecurities, Insurance and Investment Advisory Services offered through Citizens Securities, Inc. (“CSI”). Citizens Securities, Inc. is an SEC registered investment advisor and Member – FINRA and SIPC. One Citizens Bank Way, JCB135, Johnston, RI 02919. (800) 942-8300. Citizens Securities, Inc. is an affiliate of Citizens Bank, N.A. and Citizens of Pennsylvania.\n\nPlease be aware that the security products offered are different from those offered by a bank and are subject to investment risk, including possible loss of principal amount invested. Citizens Securities, Inc. does not provide tax or legal advice. Please consult with a tax or legal advisor regarding your individual circumstances before making any decisions\n\nSecurities, Insurance Products and Investment Advisory Services are:  \n· NOT FDIC INSURED · NOT BANK GUARANTEED · MAY LOSE VALUE · NOT A DEPOSIT · NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY","attrs_readable_markdown":"![](https:\/\/p1.aprimocdn.net\/citizensbank\/6c076651-5272-4f25-a2f3-aec2005ad2ef\/GettyImages%201220152647_H1%20Hero.jpg)\n\n## Key takeaways\nThe article provides practical steps to create smart strategies for saving money.It's recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay.When your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options.\n\nIt’s good practice to start saving money as soon as you land your first job. But saving money can bring up complicated questions: How much of my income should I save? How much can I afford to invest in my 401(k)? And how can I save while also paying down my student debt?\n\nThis article offers practical steps, so you can be ready to save for the future. Let’s start with your monthly budget.\n\nStep 1: Make a budget\n\nA written [budget](https:\/\/www.citizensbank.com\/learning\/how-to-create-a-budget.aspx) maps out your income and expenses by showing where your money goes, month-to-month. It supports your spending and savings plan.\n\nBudgeting may sound complicated, but it starts with just a few simple steps.\n\n- Ask yourself why you’re budgeting. What goals are you working toward and what do you need to achieve them? Figure your monthly income and recurring expenses, including living expenses (rent, utilities) and regular payments (student loans, car payment). This can help you see how much money you have left for everything else.\n- Set a budget for different categories of spending. Outside of what you need for food and shelter, you should have some discretionary income for dining out, entertainment, travel, etc.\n- Make sure to leave a portion for savings. A good rule of thumb is to squirrel away 15 to 20 percent of your income each month. It’s okay if you can’t afford that amount just yet. There are strategies to build it up over time, so it doesn’t feel overwhelming. For example, start with a percentage that’s doable and raise it at the beginning of each new calendar year. Before you know it, you’ll be saving like a champ.\n\nStep 2: Plan your savings\n\nThat extra money can build for the future. You may have a variety of savings goals to put the funds toward. There are two or three pots you should take extra care to fill, first:\n\n- [Emergency fund](https:\/\/www.citizensbank.com\/learning\/building-an-emergency-fund.aspx). This should cover three to six months of living expenses. The money from this fund can come in handy when paying for unexpected expenses or events, like a car repair or job loss.\n- Employer-sponsored retirement plans. Many companies offer a 401(k) plan to help employees save for when they stop working. You can contribute up to \\$23,000 a year to your retirement account. It also allows employers to match some, or all of your contributions. If you can’t save the maximum amount per year (\\$1,916.66 per month), strive to contribute at least the amount of the employer match. Your 401(k) plan documents will tell you the percentage of any potential company match. Don’t leave “free money” on the table, by not taking advantage of this benefit.\n- Personal retirement accounts. You can also open an individual retirement account. This account can help you save for retirement regardless of the benefits your employer offers. IRAs often have a wider array of investment options, and once the account is set up, you can contribute up to \\$7,000, annually.\n\nTo make saving easier, you can automate your contributions with recurring deposits. You may also consider adding to your paycheck deferral one percent of your salary increase each time you get a pay raise. This ensures your savings grow along with your present prosperity.\n\nBonus tip: leverage financial tools, like [Citizens Savings Tracker](https:\/\/www.citizensbank.com\/savings\/savings-accounts\/savings-tracker.aspx)™1, to help automate your savings so you can stay on top of your goals.\n\nWith any retirement account, it pays to start early, even if you can’t contribute that much at first. These accounts grow through compounding interest’. This type of interest is reinvested, and ultimately, provides more money for retirement. So, a little today can grow into a lot, given enough time.\n\n[![Keep your savings goals on track. Citizens savings tracker helps you save in just a few taps. Follow link to learn more. Member FDIC.](https:\/\/p1.aprimocdn.net\/citizensbank\/b62bc4e5-3b9b-4269-9f2f-b0d801448ad8\/2099756_CK23_ActiveSaver_CTA_1600x684_rv_Original%20file.jpg)](https:\/\/www.citizensbank.com\/savings\/savings-accounts\/savings-tracker.aspx)\n\nStep 3: Manage your debt\n\nWhether it’s from student loans or credit cards, debt and the associated interest can really add up. According to one [independent study](https:\/\/www.experian.com\/blogs\/ask-experian\/research\/consumer-debt-study\/), the average young borrower has about \\$29,702 in non-mortgage debt. Millennial homeowners carry an average mortgage balance of \\$295,689.\n\n[Paying off debt](https:\/\/www.citizensbank.com\/learning\/budgeting-to-pay-off-debt.aspx) can help free up money for other things. The quicker you pay it off, the less interest you must cover as the debt lingers. It's generally recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay.\n\nStep 4: Invest\n\nWhen your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options.\n\nYou don’t need to be fabulously wealthy to get started. Simply begin with whatever you have left over from maxing out your 401(k). Investing a little early goes a long way. If a 25-year-old invests \\$240 per month, assuming a 9% yearly return, they’ll have \\$1 million by the time they’re 65. However, wait just ten years to start, at age 35, and they’ll have to put away a lot more money, each month, to reach the same milestone.\n\nBy understanding what you have, what you need, and how you can make that money work for you, it’s easier to save for the important things in life. Now that you have more information about saving your money, try the [Citizens retirement planner calculator](https:\/\/www.citizensbank.com\/investing-and-wealth-management\/products-services-and-calculators\/financial-calculators\/retirement-planning-calculator.aspx) to see if you’re on track for your own retirement.\n\nReady to tackle your financial goals?\n\nWhen you have multiple goals to save for, you don’t have to feel overwhelmed. Planning and prioritization can make you ready to reach them all. Citizens is here to help – with banking that stands with you and grows with you. And with automatic transfers from your checking to your savings account, you can set money aside and watch your savings add up.\n\nWant more ways to hit your savings goal?","meta_canonical":null}

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Boilerpipe Text	Key takeaways The article provides practical steps to create smart strategies for saving money.It's recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay.When your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options. It’s good practice to start saving money as soon as you land your first job. But saving money can bring up complicated questions: How much of my income should I save? How much can I afford to invest in my 401(k)? And how can I save while also paying down my student debt? This article offers practical steps, so you can be ready to save for the future. Let’s start with your monthly budget. Step 1: Make a budget A written budget maps out your income and expenses by showing where your money goes, month-to-month. It supports your spending and savings plan. Budgeting may sound complicated, but it starts with just a few simple steps. Ask yourself why you’re budgeting. What goals are you working toward and what do you need to achieve them? Figure your monthly income and recurring expenses, including living expenses (rent, utilities) and regular payments (student loans, car payment). This can help you see how much money you have left for everything else. Set a budget for different categories of spending. Outside of what you need for food and shelter, you should have some discretionary income for dining out, entertainment, travel, etc. Make sure to leave a portion for savings. A good rule of thumb is to squirrel away 15 to 20 percent of your income each month. It’s okay if you can’t afford that amount just yet. There are strategies to build it up over time, so it doesn’t feel overwhelming. For example, start with a percentage that’s doable and raise it at the beginning of each new calendar year. Before you know it, you’ll be saving like a champ. Step 2: Plan your savings That extra money can build for the future. You may have a variety of savings goals to put the funds toward. There are two or three pots you should take extra care to fill, first: Emergency fund . This should cover three to six months of living expenses. The money from this fund can come in handy when paying for unexpected expenses or events, like a car repair or job loss. Employer-sponsored retirement plans. Many companies offer a 401(k) plan to help employees save for when they stop working. You can contribute up to $23,000 a year to your retirement account. It also allows employers to match some, or all of your contributions. If you can’t save the maximum amount per year ($1,916.66 per month), strive to contribute at least the amount of the employer match. Your 401(k) plan documents will tell you the percentage of any potential company match. Don’t leave “free money” on the table, by not taking advantage of this benefit. Personal retirement accounts. You can also open an individual retirement account. This account can help you save for retirement regardless of the benefits your employer offers. IRAs often have a wider array of investment options, and once the account is set up, you can contribute up to $7,000, annually. To make saving easier, you can automate your contributions with recurring deposits. You may also consider adding to your paycheck deferral one percent of your salary increase each time you get a pay raise. This ensures your savings grow along with your present prosperity. Bonus tip: leverage financial tools, like Citizens Savings Tracker ™ 1 , to help automate your savings so you can stay on top of your goals. With any retirement account, it pays to start early, even if you can’t contribute that much at first. These accounts grow through compounding interest’. This type of interest is reinvested, and ultimately, provides more money for retirement. So, a little today can grow into a lot, given enough time. Step 3: Manage your debt Whether it’s from student loans or credit cards, debt and the associated interest can really add up. According to one independent study , the average young borrower has about $29,702 in non-mortgage debt. Millennial homeowners carry an average mortgage balance of $295,689. Paying off debt can help free up money for other things. The quicker you pay it off, the less interest you must cover as the debt lingers. It's generally recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay. Step 4: Invest When your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options. You don’t need to be fabulously wealthy to get started. Simply begin with whatever you have left over from maxing out your 401(k). Investing a little early goes a long way. If a 25-year-old invests $240 per month, assuming a 9% yearly return, they’ll have $1 million by the time they’re 65. However, wait just ten years to start, at age 35, and they’ll have to put away a lot more money, each month, to reach the same milestone. By understanding what you have, what you need, and how you can make that money work for you, it’s easier to save for the important things in life. Now that you have more information about saving your money, try the Citizens retirement planner calculator to see if you’re on track for your own retirement. Ready to tackle your financial goals? When you have multiple goals to save for, you don’t have to feel overwhelmed. Planning and prioritization can make you ready to reach them all. Citizens is here to help – with banking that stands with you and grows with you. And with automatic transfers from your checking to your savings account, you can set money aside and watch your savings add up. Want more ways to hit your savings goal?
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[Enroll Now](https://www.citizensbankonline.com/olb-root/enrollment) # Four steps: A young professional's guide to saving money ![](https://p1.aprimocdn.net/citizensbank/6c076651-5272-4f25-a2f3-aec2005ad2ef/GettyImages%201220152647_H1%20Hero.jpg) ## Key takeaways The article provides practical steps to create smart strategies for saving money.It's recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay.When your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options. It’s good practice to start saving money as soon as you land your first job. But saving money can bring up complicated questions: How much of my income should I save? How much can I afford to invest in my 401(k)? And how can I save while also paying down my student debt? This article offers practical steps, so you can be ready to save for the future. Let’s start with your monthly budget. ## Step 1: Make a budget A written [budget](https://www.citizensbank.com/learning/how-to-create-a-budget.aspx) maps out your income and expenses by showing where your money goes, month-to-month. It supports your spending and savings plan. Budgeting may sound complicated, but it starts with just a few simple steps. - Ask yourself why you’re budgeting. What goals are you working toward and what do you need to achieve them? Figure your monthly income and recurring expenses, including living expenses (rent, utilities) and regular payments (student loans, car payment). This can help you see how much money you have left for everything else. - Set a budget for different categories of spending. Outside of what you need for food and shelter, you should have some discretionary income for dining out, entertainment, travel, etc. - Make sure to leave a portion for savings. A good rule of thumb is to squirrel away 15 to 20 percent of your income each month. It’s okay if you can’t afford that amount just yet. There are strategies to build it up over time, so it doesn’t feel overwhelming. For example, start with a percentage that’s doable and raise it at the beginning of each new calendar year. Before you know it, you’ll be saving like a champ. ## Step 2: Plan your savings That extra money can build for the future. You may have a variety of savings goals to put the funds toward. There are two or three pots you should take extra care to fill, first: - [Emergency fund](https://www.citizensbank.com/learning/building-an-emergency-fund.aspx). This should cover three to six months of living expenses. The money from this fund can come in handy when paying for unexpected expenses or events, like a car repair or job loss. - Employer-sponsored retirement plans. Many companies offer a 401(k) plan to help employees save for when they stop working. You can contribute up to \$23,000 a year to your retirement account. It also allows employers to match some, or all of your contributions. If you can’t save the maximum amount per year (\$1,916.66 per month), strive to contribute at least the amount of the employer match. Your 401(k) plan documents will tell you the percentage of any potential company match. Don’t leave “free money” on the table, by not taking advantage of this benefit. - Personal retirement accounts. You can also open an individual retirement account. This account can help you save for retirement regardless of the benefits your employer offers. IRAs often have a wider array of investment options, and once the account is set up, you can contribute up to \$7,000, annually. To make saving easier, you can automate your contributions with recurring deposits. You may also consider adding to your paycheck deferral one percent of your salary increase each time you get a pay raise. This ensures your savings grow along with your present prosperity. Bonus tip: leverage financial tools, like [Citizens Savings Tracker](https://www.citizensbank.com/savings/savings-accounts/savings-tracker.aspx)™1, to help automate your savings so you can stay on top of your goals. With any retirement account, it pays to start early, even if you can’t contribute that much at first. These accounts grow through compounding interest’. This type of interest is reinvested, and ultimately, provides more money for retirement. So, a little today can grow into a lot, given enough time. [![Keep your savings goals on track. Citizens savings tracker helps you save in just a few taps. Follow link to learn more. Member FDIC.](https://p1.aprimocdn.net/citizensbank/b62bc4e5-3b9b-4269-9f2f-b0d801448ad8/2099756_CK23_ActiveSaver_CTA_1600x684_rv_Original%20file.jpg)](https://www.citizensbank.com/savings/savings-accounts/savings-tracker.aspx) ## Step 3: Manage your debt Whether it’s from student loans or credit cards, debt and the associated interest can really add up. According to one [independent study](https://www.experian.com/blogs/ask-experian/research/consumer-debt-study/), the average young borrower has about \$29,702 in non-mortgage debt. Millennial homeowners carry an average mortgage balance of \$295,689. [Paying off debt](https://www.citizensbank.com/learning/budgeting-to-pay-off-debt.aspx) can help free up money for other things. The quicker you pay it off, the less interest you must cover as the debt lingers. It's generally recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay. ## Step 4: Invest When your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options. You don’t need to be fabulously wealthy to get started. Simply begin with whatever you have left over from maxing out your 401(k). Investing a little early goes a long way. If a 25-year-old invests \$240 per month, assuming a 9% yearly return, they’ll have \$1 million by the time they’re 65. However, wait just ten years to start, at age 35, and they’ll have to put away a lot more money, each month, to reach the same milestone. By understanding what you have, what you need, and how you can make that money work for you, it’s easier to save for the important things in life. Now that you have more information about saving your money, try the [Citizens retirement planner calculator](https://www.citizensbank.com/investing-and-wealth-management/products-services-and-calculators/financial-calculators/retirement-planning-calculator.aspx) to see if you’re on track for your own retirement. ## Ready to tackle your financial goals? When you have multiple goals to save for, you don’t have to feel overwhelmed. Planning and prioritization can make you ready to reach them all. Citizens is here to help – with banking that stands with you and grows with you. And with automatic transfers from your checking to your savings account, you can set money aside and watch your savings add up. ## Want more ways to hit your savings goal? [Start saving](https://www.citizensbank.com/savings/savings-accounts/overview.aspx) ## Related topics ### Key considerations for a solid financial plan [Learn more](https://www.citizensbank.com/learning/key-considerations-for-a-solid-financial-plan.aspx) ### How to choose a financial planner [Learn more](https://www.citizensbank.com/learning/choosing-financial-planner.aspx) ### Financial moves to make by age 35 [Learn more](https://www.citizensbank.com/learning/financial-moves-to-make-by-35.aspx) learningwealthyoungprofessionalsguidetosavingviewwealthconsumercb ![citizens](https://www.citizensbank.com/assets/CB_resources/images/cbds-logos/logo-citizens__horz-green.svg) ##### Company - [About Us](https://www.citizensbank.com/about-us/overview.aspx) - [Career](https://jobs.citizensbank.com/?utm_source=citizensbank.com&utm_medium=referral&utm_campaign=careersite) - [Community](https://www.citizensbank.com/about-us/community.aspx) ##### Help - [Contact Us](https://www.citizensbank.com/customer-service/contact-us.aspx) - [Resource en español](https://www.citizensbank.com/es/homepage.aspx) ##### Resources - [Branch Locator](https://www.citizensbank.com/customer-service/branch-locator.aspx) - [Financial Education](https://www.citizensbank.com/learning/overview.aspx) - [Share Feedback](https://www.citizensbank.com/learning/a-young-professionals-guide-to-saving.aspx#0) - [About Our Ads](https://www.citizensbank.com/about-our-ads/overview.aspx) - [Site Requirements](https://www.citizensbank.com/site-requirements/overview.aspx) - [Security & Legal](https://www.citizensbank.com/account-safeguards/overview.aspx) - [Privacy Rights](https://www.citizensbank.com/account-safeguards/privacy.aspx) - [Accessibility](https://www.citizensbank.com/ada-compliance/overview.aspx) - [Do Not Sell or Share My Personal Information](https://www.citizensbank.com/learning/a-young-professionals-guide-to-saving.aspx) © Citizens Financial Group, Inc. All rights reserved. Citizens Bank, N.A. Member FDIC 1 Subject to account eligibility. Only available on the Citizens Mobile Banking application. Text and data rates may apply. Disclaimer: The information contained herein is for informational purposes only as a service to the public, and is not legal advice or a substitute for legal counsel. You should do your own research and/or contact your own legal or tax advisor for assistance with questions you may have on the information contained herein. Citizens Wealth Management is comprised of both banking and brokerage affiliated companies. Securities, Insurance and Investment Advisory Services offered through Citizens Securities, Inc. (“CSI”). Citizens Securities, Inc. is an SEC registered investment advisor and Member – FINRA and SIPC. One Citizens Bank Way, JCB135, Johnston, RI 02919. (800) 942-8300. Citizens Securities, Inc. is an affiliate of Citizens Bank, N.A. and Citizens of Pennsylvania. Please be aware that the security products offered are different from those offered by a bank and are subject to investment risk, including possible loss of principal amount invested. Citizens Securities, Inc. does not provide tax or legal advice. Please consult with a tax or legal advisor regarding your individual circumstances before making any decisions Securities, Insurance Products and Investment Advisory Services are: · NOT FDIC INSURED · NOT BANK GUARANTEED · MAY LOSE VALUE · NOT A DEPOSIT · NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Readable Markdown	![](https://p1.aprimocdn.net/citizensbank/6c076651-5272-4f25-a2f3-aec2005ad2ef/GettyImages%201220152647_H1%20Hero.jpg) ## Key takeaways The article provides practical steps to create smart strategies for saving money.It's recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay.When your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options. It’s good practice to start saving money as soon as you land your first job. But saving money can bring up complicated questions: How much of my income should I save? How much can I afford to invest in my 401(k)? And how can I save while also paying down my student debt? This article offers practical steps, so you can be ready to save for the future. Let’s start with your monthly budget. Step 1: Make a budget A written [budget](https://www.citizensbank.com/learning/how-to-create-a-budget.aspx) maps out your income and expenses by showing where your money goes, month-to-month. It supports your spending and savings plan. Budgeting may sound complicated, but it starts with just a few simple steps. - Ask yourself why you’re budgeting. What goals are you working toward and what do you need to achieve them? Figure your monthly income and recurring expenses, including living expenses (rent, utilities) and regular payments (student loans, car payment). This can help you see how much money you have left for everything else. - Set a budget for different categories of spending. Outside of what you need for food and shelter, you should have some discretionary income for dining out, entertainment, travel, etc. - Make sure to leave a portion for savings. A good rule of thumb is to squirrel away 15 to 20 percent of your income each month. It’s okay if you can’t afford that amount just yet. There are strategies to build it up over time, so it doesn’t feel overwhelming. For example, start with a percentage that’s doable and raise it at the beginning of each new calendar year. Before you know it, you’ll be saving like a champ. Step 2: Plan your savings That extra money can build for the future. You may have a variety of savings goals to put the funds toward. There are two or three pots you should take extra care to fill, first: - [Emergency fund](https://www.citizensbank.com/learning/building-an-emergency-fund.aspx). This should cover three to six months of living expenses. The money from this fund can come in handy when paying for unexpected expenses or events, like a car repair or job loss. - Employer-sponsored retirement plans. Many companies offer a 401(k) plan to help employees save for when they stop working. You can contribute up to \$23,000 a year to your retirement account. It also allows employers to match some, or all of your contributions. If you can’t save the maximum amount per year (\$1,916.66 per month), strive to contribute at least the amount of the employer match. Your 401(k) plan documents will tell you the percentage of any potential company match. Don’t leave “free money” on the table, by not taking advantage of this benefit. - Personal retirement accounts. You can also open an individual retirement account. This account can help you save for retirement regardless of the benefits your employer offers. IRAs often have a wider array of investment options, and once the account is set up, you can contribute up to \$7,000, annually. To make saving easier, you can automate your contributions with recurring deposits. You may also consider adding to your paycheck deferral one percent of your salary increase each time you get a pay raise. This ensures your savings grow along with your present prosperity. Bonus tip: leverage financial tools, like [Citizens Savings Tracker](https://www.citizensbank.com/savings/savings-accounts/savings-tracker.aspx)™1, to help automate your savings so you can stay on top of your goals. With any retirement account, it pays to start early, even if you can’t contribute that much at first. These accounts grow through compounding interest’. This type of interest is reinvested, and ultimately, provides more money for retirement. So, a little today can grow into a lot, given enough time. [![Keep your savings goals on track. Citizens savings tracker helps you save in just a few taps. Follow link to learn more. Member FDIC.](https://p1.aprimocdn.net/citizensbank/b62bc4e5-3b9b-4269-9f2f-b0d801448ad8/2099756_CK23_ActiveSaver_CTA_1600x684_rv_Original%20file.jpg)](https://www.citizensbank.com/savings/savings-accounts/savings-tracker.aspx) Step 3: Manage your debt Whether it’s from student loans or credit cards, debt and the associated interest can really add up. According to one [independent study](https://www.experian.com/blogs/ask-experian/research/consumer-debt-study/), the average young borrower has about \$29,702 in non-mortgage debt. Millennial homeowners carry an average mortgage balance of \$295,689. [Paying off debt](https://www.citizensbank.com/learning/budgeting-to-pay-off-debt.aspx) can help free up money for other things. The quicker you pay it off, the less interest you must cover as the debt lingers. It's generally recommended that you pay down your high-interest debt first, especially credit cards with premium rates. And if you can, pay your balance in full to reduce the interest you pay. Step 4: Invest When your money is freed from paying off debts, you can put it to work. Whether it’s stocks, bonds or other instruments, a financial advisor can guide you through investment options. You don’t need to be fabulously wealthy to get started. Simply begin with whatever you have left over from maxing out your 401(k). Investing a little early goes a long way. If a 25-year-old invests \$240 per month, assuming a 9% yearly return, they’ll have \$1 million by the time they’re 65. However, wait just ten years to start, at age 35, and they’ll have to put away a lot more money, each month, to reach the same milestone. By understanding what you have, what you need, and how you can make that money work for you, it’s easier to save for the important things in life. Now that you have more information about saving your money, try the [Citizens retirement planner calculator](https://www.citizensbank.com/investing-and-wealth-management/products-services-and-calculators/financial-calculators/retirement-planning-calculator.aspx) to see if you’re on track for your own retirement. Ready to tackle your financial goals? When you have multiple goals to save for, you don’t have to feel overwhelmed. Planning and prioritization can make you ready to reach them all. Citizens is here to help – with banking that stands with you and grows with you. And with automatic transfers from your checking to your savings account, you can set money aside and watch your savings add up. Want more ways to hit your savings goal?
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