I Saved Over $3,000 Before Turning 20-What Should I Do with My Money?

A Reddit user has accumulated over $3,000 in savings before turning 20 and is considering various options for utilizing it effectively. Other users provided diverse suggestions, emphasizing the importance of establishing an emergency fund and potentially placing the money into a high-yield savings account to maximize interest. Moreover, setting clear financial goals and creating a budget were recommended strategies to help manage spending effectively and grow savings further, ultimately guiding the user towards greater financial independence at a young age.

"Several commenters suggested that the OP should use the $3,000 to start building an emergency fund, as this can serve as a financial safety net for unexpected expenses."

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