Since college graduation, Denise Francis had been saving up to move out of the two-bedroom apartment in Brooklyn where she lived her whole life.
"Now, at the age of 27, I was finally able to move into that dream apartment," Francis tells CNBC Make It.
"Instead, I used all those years to continue saving," Francis says.
By 2020, thanks to a salaried job and a recent promotion, Francis had saved $20,000, enough money to cover about a year's worth of rent.
Typical monthly rent in Yonkers is $2,191 a month, according to data from Zillow shared with CNBC Make It.