FILE – In this Jan. 21, 2020 file photo, dollar bills have been dropped into a tip jar at a carwash in the Brooklyn borough of New York. Your 20s are a time of self-exploration, finding your footing as an adult — and likely making some mistakes with money.
Your 20s are a time of self-exploration, finding your footing as an adult — and likely making some money mistakes.
To save you from learning the hard way — and pass on some knowledge as I enter my 30s — here are five money lessons from my past decade.
For several years, my main financial goal was to go out as much as I wanted and still have enough money left at the end of the month to cover rent.
Eventually, though, groggy mornings and paltry savings proved unfulfilling. My partner and I decided to set goals and plan for them. We wanted to buy a house, which meant moving to a less expensive city so we could build savings.
TIP: Know your passions to know your goals.
Sacramento, California, certified financial planner Pam Rodriguez suggests identifying what brings you joy, then crafting a financial plan to create more of those moments.
“Personal finance is a lot more emotional than it is a math equation,” Rodriguez says. “Even though the numbers have to add up, you’ll never take action unless you feel strongly about something.”
If you want to buy a house to host friends and family, for example, identify how much you’ll need for a down payment and closing costs, then work toward that savings goal over time.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest LifeStyle News Click Here
For the latest news and updates, follow us on Google News.
