Coming into adulthood is a very exciting time. You’re gaining new freedoms, getting established in your career, broadening your network and enjoying youth. But planning for your future is just as important. It’s never too early to start smart money habits and make beneficial moves to secure your financial future. Here are some things to consider that can help guarantee your future.

1. Credit Repair

As you begin your journeytobillions, you will want to lay the foundation with a good score. If you don’t have credit yet, it’s time to start building some. Pay your debts on time and in full whenever possible. This may mean skipping a week of cafe bought coffee or a night out with friends. If you already have credit, and it could use some work, start bringing it up.

2. Emergency Fund


Create an emergency fund in addition to your savings. An emergency fund can keep you from having to dip into your savings deeply or even at all. Cars get flat tires, electronics need replacing and severe weather damages things. Emergency funds help you stay prepared.

3. Life Insurance

As much as we all live forever, it just isn’t a realistic goal. It’s a good idea to research full and term life insurance and choose what works for your goals. Some allow you to borrow against while others can roll over once the term is over. Some even cover accidental death and dismemberment. You’re never too young for life insurance.

4. Side Hustle


Creating a side hustle in addition to your job can help you increase your savings and your emergency fund. It may even grow to the point where it can become your career and give you more freedom. Side hustles help you diversify your income so that you can more easily build generational wealth.

5. Regular Money Check Ins

Whether you’re married, cohabiting or living alone, holding regular personal finance summits can keep you on top of your money goals. You’ll be able to see where you need improvement, if an international vacation is possible, where your credit rating is and the overall health of your finances.

6. Retirement Planning

You’re never too young to think about retirement. Figure out about how much you need to retire and when you would like to retire. There are free retirement calculators that can help you figure out what you need to do to meet your retirement goals. You can also work with a financial planner to get the ball rolling.

7. Budget

Creating a monthly budget is a great way to stay on track. Avoid impulse buys and overindulging in bars, restaurants and concerts. Doing your best to stick to your budget allows you to increase your savings and overall financial outlook. It’s also great for helping you get back on track if you’ve lost your way.

Your 20s are a great time to think about your future and prepare for life’s eventualities. There is so much to learn and do, that it may seem unnecessary or overwhelming, but just take things one goal at a time, one step at a time, and don’t be afraid to get help when you need it.

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