Here are some tips to financial health through the working years:
EARLY 20s
- Address student loan
- Learn to budget
- Get Health Insurance
- Moonlight (SnagaJob.com or eLance.com)
- Automate (Opt to autopay your bills)
LATE 20s to EARLY 30s
- Set a budget, stick to it and review it at last annually
- Have a five-year plan (Savings/goals)
- Get rid of debt (Pay off your highest creditors 1st.)
- Save for retirement (401k.org)
- Get renter's insurance
30s and 40s
- Manage your budget and analyze the flow between your
personal Income Statement and Balance Sheet (your wealth)
- Save for college
- Hold a serious discussion with your parents on the what ifs.
- Draft a will (RocketLawyer.com and LegalZoom.com)
Late 40s and 50s
- Budget for successful wealth creation
- Play retirement catch-up (Invest the max)
- Accelerate you mortgage pay off
- Buy long-term care insurance
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