Top 10 Smart Money Moves to Make in Your 20s

Top 10 Smart Money Moves to Make in Your 20s


Your 20s is an exciting time where you have freedom to do anything you want. But this moment of your time is very crucial as it plays an important role in your life , because the habits you make in your 20s will reflect to the rest of your life. Keeping that in mind having money management skills are also important so that wether you earn less or more in your life , your money will always be secured. This article is dedicated to unleash the top 10 money management skills that you should use in your 20s.


1) Creat A Budget And Stick To It : 

1.Track your earnings and expenses.

2. You can also use AI such as YNAB, Mint, or spreadsheet so you can track where your every dollar goes.



2) Build An Emergency Fund : 

1. Keep a goal of atleast 3-6 months worth of expenses.

2. Keep a part of your earned money in savings so that you can use them in emergencies and not take debts and also the saved money will grow with interest.



3) Start Investing Early :

1. Use low cost ETFs or index funds. Even small contributions per month grow very much.



4) Live Below Your Wants : 

1. Avoid luxury items and focus on needs.

2. Prioritize savings and investing over spending.



5) Pay Off High Interest Debt : 

1. Target credit cards and personal loans first.

2. Use strategies like the avalanche or snowball method to stay motivated and save on interest.



6) Build Good Credits : 

1. Pay all bills in time.

2. A strong credit score will help you with loans , rentals and evn job opportunities.



7) Automate You Finances 

Automate your bill payments and other payments in advance so that you don't miss the deadline and pay the extra money.



8) Learn Financial Literacy : 

1. Read books like " phycology of money " and " Rich dad poor dad " have knowledge about personal finance.

2. You will understand the power of compound interest , and other aspects like insurance , retirement planning and many more.



9) Set Long Term and Short Term Financial Goals : 

1. You should plan for your short term and long term future so that your earned money will have some purpose to it.

2. Some of the basic goals are like buying a car , buying a home and many more.



10) Avoid Taking Debts until It's Strategic :

1. Avoid taking high interest debts until it's strategically planned for your growth. 

2. Don't plan taking loans for buying liabilities like luxurious items and many more 

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