Jenna Is 22 and Makes $18,000 Per Year

Jenna is 22 and makes $18,000 per year.She has made some tough tradeoffs and sacrifices to ensure she is spending less than she is earning.She has a few discretionary dollars left each month, which she keeps in her savings account.Her parents have urged her to put some of that discretionary money into a retirement savings plan at work but she feels she'd rather build her savings account for a safety net and will contribute to a retirement savings plan when she is earning a higher salary.Jenna is making a financially wise decision.