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Tag Archives: money in your 20’s

Money Decisions to Make in Your Twenties

The following is a guest post. If you would like to submit a guest post, please read my policy and get in touch.  I am sure, twenties is the best time in anyone’s life. The energy, excitement, adaptability, confidence to conquer the world and the ability to work on your passion cannot be matched. Some things that have helped me to date and I want you to keep in mind during your twenties are: Start building an emergency fund: Unexpected events like job loss, accident, losing a loved one, illness can happen to anyone at any time. Not having funds in such situations can make it even worse. So, one of the first money decisions you should make is to start an emergency fund. Save some money in a separate account (make it easier to manage) and only use it in difficult times. Don’t buy stocks with this money or make any investments that can lose money or are illiquid. Start saving for retirement: When you have just started to work, retirement seems so distant; so many years away that saving for retirement may not be one your priority list. Don’t let that stop from saving for retirement. Make contributions ...

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