• Financial Planning at the age of 20 years
  • Are you sick of hearing older and “wiser” people harping on you about having a financial plan? You’re in your 20s and the world is your oyster. Why spoil all the fun already? It’s too early to turn into your parents, right?

    Well, maybe it is time to take a look at financial planning (before you don’t have any finances left to plan).

    The reality is the financial plan of a 20-year-old looks nothing like one for a 50-year-old. Each life phase presents unique challenges.

    But let’s talk about what you do need to do to create a successful, worry-free financial life:

    • Set up an automatic monthly contribution.

    • Track your expenses. You’re an adult now. Find out where your money goes.

    • Build up an emergency fund. You’ll be happy you did it when the transmission falls out of your car.

    • If you have a family or are planning to start one, purchase life insurance and start contributing toward your children’s college education.

    What exactly does a financial plan do? It’s a road map that spells out your goals and how you will get there.

    Do Contact Us for more details.