Saving money is a fundamental financial practice that offers numerous benefits and is crucial in achieving both short-term and long-term financial security and goals. According to Business Insider, the average person saves 3.5% of their monthly income, which is below the standard recommendation of 10-15%.

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Life can be unpredictable, and unexpected expenses, such as medical emergencies, car repairs, or sudden job loss, can arise. 63% of Americans need a more significant emergency saving. A general rule of thumb is to have an emergency fund with at least six months' worth of expenses at the ready.

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We both know that there are steps that we could take to cut back on everyday expenses and save more money. If you're struggling to save for your emergency fund, moving to Utah may help you do that. According to Bankrate.com, they found the best places to save money for a six-month emergency fund across 50 US metro areas. On the list was Salt Lake City, Utah.

25. Salt Lake City, Utah

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Median take-home pay: $56,776

Mortgage payment plus interest: $1,674

Annual savings potential: $6,271

Six-month emergency-fund savings: $25,252.56

Percent funded after one year of savings: 25%

People are leaving the Treasure Valley, and there are three popular locations in Utah where a lot of people from Boise are moving to. Salt Lake City is one of the most popular locations on the list of where Boise residents are moving to.

Boise Residents Are Abandoning the Treasure Valley for These 15 Appealing Cities

In 2022, Stacker put together a list of metros people from Boise were moving to based on information collected from the U.S. Census Bureau. Their information was from the "Metro Area-to-Metro Area Migration" data set from 2015-2019. A newer set for the years 2016-2020 is now available, so re-ranked the list and updated the information about the following cities using the most current data available from each of our sources.

Looking for the best small town to retire? HGTV compiled a list of the best small towns to retire across the country, and a small Idaho town made the list.

HGTV's 20 Best Small Towns To Retire

Looking for the best small town to retire? HGTV compiled a list of the best small towns to retire across the country and a small Idaho town made the list.