How to automate your savings and pay off your student loans after college
Having a strong safety net can make it easier to take big risks.
For Tori Dunlap, founder of Her First 100K financial education corporation, this guarantee took the form of $ 100,000.
Dunlap, 27, landed an entry-level marketing job after graduating from college and quickly realized that working at the company was not for her.
The Seattle resident, who now has nearly 2 million followers on TikTok, started posting about his finances online and set a goal of saving $ 100,000 by the age of 25.
Her social media audience grew with her savings, and the now full-time entrepreneur reached her goal shortly after her 25th birthday.
The most important step in streamlining your budget and avoiding debt was having an emergency fund, Dunlap said.
She also kept track of all of her expenses and income, which can be done just using a simple spreadsheet, according to Dunlap.
The automation of his savings was also a critical key to the success of the financial influencer. By the time she turned 25, Dunlap was automatically setting aside 27% of every paycheque.
Watch this video to learn the four steps this young entrepreneur suggests everyone should take to create their own safety net.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Tassels.