As a person in their 20s, it is easy to prioritize other aspects of life over financial planning. However, this is the time when you have the most potential to set yourself up for financial success in the long run. This article will guide you through a complete financial planning strategy for your 20s.
1. Create a budget
The first step in financial planning is to create a budget. Start by tracking your income and expenses for a few months to understand where your money is going. Once you have a clear picture, create a budget that allows you to save at least 20% of your income.