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1. 5/19/2018 Three Money Management Tips for Young Adults - Jack Bonner
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Three Money Management Tips for Young
Adults
posted Mar 7, 2018, 5:07 PM by Jack Bonner [ updated Mar 7, 2018, 5:07 PM ]
When you’re young, saving for the future might be the last thing on
your mind. It’s easy to think of your paycheck as a way to get by month
to month but not as a means to prepare for the future and save for a
rainy day. Unfortunately, finance has yet to become a required subject
in high school or college.
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Below are three money-saving tips for young adults to help them get
started on the path to financial success:
1. Invest now
The sooner you invest, the sooner you will be able to retire. Investing
may be a little challenging by now, but putting away a few dollars a
week can have a big impact.
2. Create a budget
Having a budget is one of the best ways to save money. Budgeting
doesn’t mean forgoing all the fun in life. By making a budget, you’ll be
able to see where your money goes each month, so you can allocate
some for your savings.
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3. Pay off your debt
Pay off your debt as soon as you can to prevent incurring charges, and
stay away from it as much as possible. Avoid unnecessary debt.
Remember, you can only pay what you earn, so avoid thinking of your
credit card as your personal money.
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Hi there, Jack Bonner here! I’m an accounting student from Arizona,
sports fan and a fitness enthusiast. Follow me on Twitter for more
financial tips.
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