This is first post in the Financial Planning series, over the weeks we will help plan for finances across different age groups. I am starting with an age which sees maximum changes in your life. From college to job, from being single to be in a relationship, from dorm to your first home, and, from student loan to mortgage.
This is also the most challenging time for your finances. First getting a job for living. Then, you start paying off student loans, while using your credit cards and probably also looking for a new home. This is most challenging more so because you are almost inexperienced at managing your finances. Since personal finances are not taught at schools, most in their 20s simply don’t have a financial plan.