Money talk is something that can make some people very nervous. Uncertainties around money are not at all strange, because such adult matters can sometimes be quite exciting (even for adults). Every person has a different lifestyle, which means that income, expenses and savings accounts look different for everyone. If you are (almost) 25 years old, how much savings are you ‘supposed’ to have? Read on quickly!
Also read: Save money with Tikkie? This is how it works
Have saved money
Saving money is important. When you were younger, you might have saved for a new pair of boots or a nice bag. When you are older, you can do that too, but having saved money is also important for other things in your life. It is good to have a buffer that you do not only use for girlfriends’ vacations and designer bags.
One person is a master at saving, while another simply has a bit more trouble with it. Everyone is different, and it is therefore not always smart to compare yourself to someone else. However, we cannot help but be curious about the finances of our peers, and in particular their savings accounts.
The average savings amount of a 25-year-old
Our curiosity leads to various questions. Are we on the right track? Should I save more? Spend less? What is normal? Unfortunately, you can’t always easily ask other twenty-somethings these kinds of questions, while it might be nice to know. Fortunately, in 2021, CBS conducted research into savings amounts of Dutch people. This resulted in an average savings amount of €9,600 for people up to the age of 25. The median (the amount that is exactly in the middle of all measured savings amounts) is €3,600.
What is normal?
Maybe you are shocked by these amounts, or you feel relaxed about it. Anyway, it is good to realize that it is not a case of one size fits all. Again, people have different lifestyles, incomes and expenses. What one person can save in a month, another can do in three months. It is important to know that nothing is ‘required’ and not necessarily something ‘normal’. If you still want to get something out of this information, let it be a boost to learn to save better! It is always good to have something in reserve. Whether it is for new boots or a new washing machine…
