1/26/2024 0 Comments Smart money moves in your 20sThis will help you in the future as you buy a home, and even as you look for good deals on auto insurance. You can also get a small auto loan or other small obligation that you can make monthly payments on. A credit card, for example, can be one of the most effective ways to do this, but only if you pay off the balance each month. Be careful, though, that you work towards establishing the good kind of credit. Establish Credit: While you don’t want to get out of control with the credit cards, it is important to start establishing credit while in your 20s.so that he can enter a field with growth-potential: the environment and public health. These skills allow me to work from home as a freelance writer, supporting my family while my husband works on a Ph.D. I am fortunate enough to have earned a degree in Communications, and go on to acquire a M.A. Consider what skills will be in demand in the coming years, and consider what you enjoy. Cultivate Marketable Skills: Your 20s is a good time to cultivate skills and education that can benefit you down the road. ![]() If I had started just five years earlier, I could have thousands more in my retirement account than I do now. The earlier you start investing, the more money you will have down the road, thanks to the awesome power of compound interest. I did, however, open a Roth IRA in my mid-20s, even though I didn’t put much into it to begin with.
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