No matter your age, good money management is important. While some things remain constant at every stage of your life, like the importance of paying bills on time, other things may fluctuate based on your age or life stage. We’ve put together our top tips for each age in our infographic below.
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Your 20s are a decade full of change – you evolve from a relatively recent high school grad into a young professional with a significant amount of new responsibilities. With so many new things happening during this time of your life, it’s important to get a solid grip on your finances now so that you have a sturdy foundation to build on for the future. Here are a few key things to start considering, if you haven’t already:
As you head into your 30s, you’ll likely continue taking on increased responsibility in both your personal and professional lives. During this time, it’s important to balance taking care of these responsibilities now and planning for the future. Here are a few tips to get started.
In your 40s, you’ll likely have many competing priorities, ranging from caring for your growing children to helping parents who may be transitioning to retirement and from addressing your personal needs to balancing your responsibilities at work. It’s important to take time at this age to fully understand and define your financial needs and goals and make it a priority to work toward them. Here’s a list to help you get started.
As you get closer to your retirement years, it’s important to make your own financial health a priority and ensure that any decisions you make don’t throw your progress off track. Here are a few ways you can make that happen.
There are a lot of perks to being in your 60s – you may start to qualify for additional age-based savings, be finishing up your working years, and have more time to spend with family. You’ve worked hard to get this far and there are steps you should take to enjoy your golden years without unnecessary financial worry.