3 Smart Financial Things You Should Do In Your Twenties

From between the ages of twenty and thirty, you enter a very important period of your life. It’s the time when you start working permanently and think about moving out of your parent’s house or getting married. To put it simply, there are a lot of huge financial decisions you’ll make in this decade.

Speaking of which, I have some must-read advice for anyone entering their twenties that want a secure financial future.

Visa credit card

Get A Credit Card

Some people may see this as bad advice because credit cards do cause debt for a lot of people. However, this is because they use them recklessly. If you use your credit card as though it were your debit card, then you’ll be fine. The key is ensuring you never go over your limit and can pay your bill in full every month.

Why get a credit card? Because it will help you build a credit score which will come in very handy throughout your life. A good credit score helps you find a good mortgage when you eventually buy a house. There are loads of providers to choose from, if you look on studentcredit.cards, you will see there are even some credit cards specifically for students. So, you can have a credit card as you study, which can come in handy for many reasons. Different providers offer different perks, it doesn’t really matter who you choose, the important thing is that it helps you boost your credit score.


Invest In Something

For most people, your twenties signifies the time you leave education and get a full-time job. Consequently, it marks the first time you have a regular source of income. So, you’re most likely going to have more money than you’ve ever had in your life. The smart thing to do is to save some of that money. The even smarter thing to do is invest in something worthwhile.

Why invest in your twenties? Because it means you put away some of your earnings and see them grow over time. Think of a savings account, only with much better returns. Plus, when you invest, you can always sell your investment if they become incredibly valuable. There are loads of long-term investments you can make, as it shows on nerdwallet.com.

Retirement Plan

Plan For Your Retirement

It may seem a bit strange to be thinking about retirement in your twenties, but it’s definitely the right thing to do. Like I said, it’s the period of your life where you’ll start entering your first proper job. Therefore, it’s the perfect time to start planning ahead.

Why? Because the earlier you start planning for your retirement, the more money you’ll have when the time comes. Think about, that’s a whole forty-odd years of putting money away in a retirement fund, you could earn a fortune over that time. Sites like bankrate.com have plenty of articles that go into retirement planning in more detail for you.

To summarize, if you’re in your twenties – or about to enter them – do all the things listed above. Trust me, they’ll help you out in the future, as well as the present.


Image 1: reynermedia via flickr

Image 2:  www.cafecredit.com via flickr

Image 3: www.investmentzen.com via flickr

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Prime Aque is the back-end guy of Self-Help. He is a blogger and WordPress front-end designer. Importantly, he is a husband and a father of three wonderful kids. His firstborn are twin girls. He loves writing and sharing.