Being financially responsible from early on is a good thing!
Yes, I know that your 20’s is a time of exploration and new adventures, freedom and sometimes just going with the flow, whether that’s off to Tibet or falling madly in love with a passion and feeling it.
But in today’s age women are marrying later, divorce rates are high, its pretty much a toss of the coin and “lost” years can come back and haunt you later.
….and as you may already know, men can be slow sometimes or just not the right one….:)
That means starting as early as your first job or when you return from finding yourself in Asia
Make a Budget
Sounds daunting, it isn’t and well worth doing that may also carry over into other aspects of your working life. How much do you spend monthly and on what. Know the areas/items you can easily do without if necessary. Match this with your income and see if it’s plus or minus. Keep on tracking it and make changes as you go. But fundamentally, always try and live within your means!
Build a back-up Fund
This is the rainy day fund. Anything can happen in life (and shit happens) where you might need or want some money which is easily accessible in a cash or money market account. At the same time, if it’s not used then it’s also a form of even longer term savings and accumulation.
Keep on learning
Broadening your mind helps develop you as an individual more able to cope with many aspects of life as well as helping your career or path wherever you take it. Studying, persue hobbies or just meeting people from varied backgrounds. I found exchanging music and meeting people from other countries is one of the loveliest things to do and helped make me a more rounded individual able to cope in a variety of situations both personal and business.
Grow good credit
Building a good credit rating, ensuring you stay out of debt and paying bills on time. If you can’t afford it, don’t buy it. Later, your good credit history will pay dividends if for example you need a business loan or a mortgage.
This doesn’t mean don’t have fun, but live within your means. Debt can drag you down and can affect many aspects of your life including relationships. Stress is a bugger.