How to Start Financial Planning in Your 20s
A stable financial habit can take you a long way and that is just the beginning. You must start with making short-term and medium-term goals to make sure you achieve them. Once you are 20, you probably are an earning professional. This is a perfect age to start saving and building a life for yourself. Your financial planning at the start of your career will decide the rest of your routine because good financial plans are built in the initial years itself. Here are some of the basic financial planning tips to follow before you turn 20. Budget and start saving: It is all about making goals and working on executing the plan. You have to budget your monthly salary and divide your income to meet the financial planning Wareham . People who are new in the job tend to have lower income, so they must follow a simple rule “Income minus expenses= savings”. This statement tells you that you must save first and spend later. Medical insurance: You have to make sure that you have your in...