How an American employee, 26, saved $390,000 by watching her spending
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Some American Gen Zs are opening retirement accounts earlier than prior generations and contributing the maximum allowed each year.
PHOTO ILLUSTRATION: UNSPLASH
Fort Lauderdale in Florida offers no shortage of clubs, restaurants and other ways for young people to spend their money. Natalie Baddour, however, is not interested.
Baddour, 26, is obsessed with saving. She has managed to save about US$300,000 (S$390,000) by socking away over half of the income from her merchandising job with pet supply giant Chewy, including sales of the company’s stock. She lives with a roommate, rarely goes out, cooks at home and drives an 18-year-old car. The sacrifices, she says, are worth it if they mean she is financially secure later in life.
