Most twenty-somethings don’t know much about their finances, and what you don’t know could be robbing you of your financial future.
“If you can avoid making financial mistakes in your 20’s you will be significantly better off in your 30’s and 40’s. It’s about being responsible, so as not to be financially burdened later in life,” says Alexa von Tobel, founder and CEO of LearnVest, which provides content, tools, and support to help you gain control of your personal finances.
Every twenty-something should have a financial game plan, says von Tobel, and should try to reach these five important milestones:
1) Pay Off Credit Card Debt
You’ve got, on average, $3,000 worth of credit card debt...and this is high interest debt that can wreak havoc on your credit score and affect your ability to rent an apartment or even get a job.
Related Tool: How Long Will it Take to Pay Off My Credit Cards?
2) Start Saving for Retirement
The sooner, the better! “Let’s say you start working at 25, you plan to
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