Setting up a strong financial foundation in your 20s is key to long term stability. Start by making a budget to track your income and expenses so you can see where you can save. Try to save at least 20% of your income and set up an emergency fund to cover 3-6 months of living expenses.
Next, pay off high interest debt like credit cards so you don’t put financial strain on yourself. Even small amounts invested early through options like Roth IRAs or employer sponsored retirement plans can add up to big wealth over time.
Also, learn about personal finance through books, podcasts or online courses. Knowing concepts like credit scores and investment strategies will help you make decisions.
Finally, set financial goals – whether it’s buying a home or traveling – and check in regularly. By doing this you’ll set yourself up for financial success.