After her accountant pulled her aside, supermodel Tyra Banks (worth an estimated $90 million) realized she was “wrong” with this money move.Ironically, some pros say it’s a mistake you should make too.

Tyra Banks is worth an estimated $90 million, according to CelebrityNetWorth.com, but the supermodel and businesswoman who grew up on pennies told Money.com that she struggles to spend money and is actually He admitted that he had “made a mistake.”But while she may have saved too much, experts say saving more is something most people should really strive for. do (And thanks to many savings accounts paying more than they paid in about 10 years, see savings accounts with highest payouts here. Savings is more lucrative now).

“I was always conservative. I was always more interested in experiences than things. Things didn’t make me happy. Saved, saved, saved. But I made mistakes.” About 15 years ago, my accountant pushed me aside…they said, “Tyra. So I created something called an “F Account”. It was a “frivolous account”. And every year there was a budget that wasted that year. I needed it to feel safe,” Banks told Money.com.

This begs the question — how much is too much to save?

In the former camp is Gretchen Behnke, a certified financial planner at Pearl Financial Planning, who says that too much savings is not a problem that needs to be solved. She points out that most people should save more, not less. In fact, a recent Northwestern Mutual survey revealed that Americans think he needs $1.25 million in savings to live a comfortable retirement, but in reality, A typical American retirement account is only $86,869.

Steven Gilbert, Certified Financial Planner at Gilbert Wealth, says the question is actually: too little save. “If you plan to retire early, start a business, or reclaim your savings, it’s important to be proactive about saving,” he says. Plus, you can always reduce your gas savings if your goals change, but if you save too little, you’re putting your future in jeopardy. (See here for the highest savings accounts.)

And even if you save a ton, you can probably find a use for it. Certified Financial Planner Andrew Feldman or his AJ Feldman Financial said:

Are you saving too much?

That said, if you’re making yourself miserable by saving too much or missing out on important life experiences, you might want to check what’s really going on. Deep-seated financial worries are driving some people to save, and spending more may be therapeutic, experts say.

“If this helps you live a happier life, now is the time to spend more and save less. says David Born, a certified financial planner at Private Financial Management. Despite this, Born speaks of the comfort and joy of building something substantial. [wealth] And maintaining a substantial nest egg is sometimes the biggest use of money.

And Chris Chen, a certified financial planner at Insight Financial Strategists, says he likes to tell people there’s only one use for their money. “Your choice is today or tomorrow, yourself or someone like your kids. Yes, savings have purposes such as retirement, buying a home, or sending your kids to college.” If you’ve hit all your goals, planned for the unexpected, and feel like you’re not spending your money the way you wanted, now might be the time.

How much should I personally save?

One is that almost everyone needs emergency funds for 3 to 12 months, minus essential expenses. “At least save what your employer gives you in the game. If you’re under 30, you’re still ahead of your peak earnings season, so save in your Roth account and intentionally take 50% off every raise. and set a higher savings threshold for high-income earners,” says Gilbert. (See here for the highest savings accounts.)

More than that, Chen says, it has a lot to do with life goals. What do you want to do when you retire, do you want to buy a house, do you want to leave an inheritance to your children? “What is it that they want to do but not many reasons? It shifts from investing, spending to living,” says Chen.

Or, as certified financial planner Steve Zakerge puts it, “Whether it’s Tyra Banks or Joe the Plumber, we all decide on financial goals and develop plans to reach them. I have to stand.”