If you’re in your twenties, you probably don’t think too much about money, saving and personal finance. Indeed, there are many people in their twenties who are perfectly happy living week to week or month to month. As long as a paycheck arrives at the end of the month, they’re happy. But as the world continues to change, this could leave our generation with serious financial problems in the future. Here’s what you need to start doing right now to avoid this.


Save, Save, Save

Saving can be difficult, but you need to try. You should be aiming to save as much as a quarter of your paycheck each month. This is for emergencies, rainy days and believe it or not, a pension pot. There’s a good chance that you won’t be able to rely on a state pension when you retire. Instead, you’ll have to rely on private savings to get by. That’s why you need to start raising the cash and investing right now.

Renting Rather Than Buying

There are plenty of financial blogs online that will tell you renting is better than buying. Essentially, they are suggesting that the younger generation shouldn’t bother investing in property. This isn’t true, you need to invest in property. Buying a piece of property is one of the easiest ways to keep the money you have raised over the years saved. If you keep renting, it’s just dead money.

Keeping Your Credit Score Healthy

Finally, I’m sure you have one or two credit cards with unpaid bills right now. What you may not realise is that this will have damaged your credit score. Your credit score is important and affects different aspects of your life. A poor credit score makes buying a home more of a challenge. It means that you will struggle to borrow money when you need to. You can fix your credit score with the advice in this infographic.  

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