Saving Money in Your 20s: Real-Life Tips from a Universal Banker

Saving Money in Your Twenties: Real-Life Tips from a Universal Banker

Your twenties are full of firsts — first full-time job, first apartment, first real sense of financial independence. It’s exciting, but it can also feel overwhelming trying to balance spending, saving, and planning for the future. The good news? You don’t need to have everything figured out to start building strong financial habits. A few intentional choices now can set you up for long-term success.

We spoke with Elena Oglesby, a Universal Banker at United Bank, who works with customers every day navigating these same challenges. Drawing from both her professional experience and personal habits, she shares practical, realistic tips for making the most of your money in your twenties.

midyear financial wellness

At a Glance:

  • Use a “pause rule” to avoid impulse spending
  • Automate savings so consistency becomes effortless 
  • Track spending in a way that actually fits your lifestyle 
  • Start saving early — even small amounts make a difference  

Rethink Impulse Spending

In a world of one-click purchases and constant social media influence, it’s easy to spend without thinking twice. Elena recommends creating a simple “pause rule” before buying anything non-essential.

“I try to give myself at least 48 hours before making a purchase I didn’t plan for,” she says. “Most of the time, I realize I didn’t actually need it.”

This small delay creates space to evaluate whether something is a true priority or just a momentary want — helping you cut down on unnecessary spending without feeling restricted.

Make Saving Automatic (and Invisible)

One of the easiest ways to build savings is to remove the effort entirely. Setting up automatic transfers from your checking account to your savings account ensures you’re consistently putting money aside.

Elena suggests starting small and increasing gradually. “Even setting aside $20 or $30 per paycheck builds momentum,” she explains. “Once you’re used to it, you won’t even miss it.”

Over time, those consistent contributions — and the impact of compound interest — can grow into something significant.

Track Spending Your Way

Budgeting doesn’t have to mean complicated spreadsheets or rigid rules. The key is finding a system you’ll stick with.

Elena prefers a flexible approach: reviewing transactions weekly and grouping them into simple categories like essentials, extras, and savings.

Whether you use a mobile app, a notes app, or a basic spreadsheet, visibility is what drives better decisions.

elena
Tracking what you spend doesn’t have to be in an organized, perfect spreadsheet. Don't put too much pressure on yourself. You just need to stay aware of where your money is going. 

Build a “Real Life” Emergency Fund

Unexpected expenses are part of life. Things like car repairs, medical bills, last-minute travel inevitably happen, but it can still be costly. Having a financial cushion can make those moments far less stressful.

Elena recommends starting with a smaller, realistic goal rather than feeling pressured to save several months of expenses right away. “Any amount you have set aside can make a huge difference when something unexpected comes up,” she says.

From there, you can continue buildings toward a larger safety net over time.

Start Thinking Long-Term (Sooner Than You Think)

Retirement may feel far away, but your twenties are actually one of the most powerful times to start saving. Thanks to compound interest, even small contributions now can grow significantly over time.

If your employer offers a retirement plan, consider contributing enough to take advantage of any matching benefits. If not, exploring options like an individual retirement account can be a great place to start.

“The earlier you start, the more flexibility you give your future self,” Elena adds.

Key Takeaway

Your twenties aren’t about being perfect with money — they’re about building awareness and creating habits that work for your life. By slowing down your spending, staying consistent with saving, and making thoughtful decisions as your income grows, you can create a strong financial foundation that supports you for years to come.

If you’re ready to take the next step in your financial journey, find a United Bank branch near you and come give us a visit.