Wealth-Building 101: 10 Financial Tips for Your 20s and 30s

Wealth-Building 101: 10 Financial Tips for Your 20s and 30s

Blog Article

Your twenties and thirties are the ideal decades to start building lasting financial stability. Now is the time to make financial decisions that ensure security, and the good news is, you can start anytime. To help you get started, here are 10 essential tips for financial success.

First, prioritise saving. Even small amounts add up, so aim to put aside at least 20% of your income into savings or investments.

Next, develop a budget and commit to it. Knowing where your money goes ensures you stay in control of your finances.

Be sure to save for emergencies—having three to six months’ worth of expenses set aside is a reliable target.

Another key tip is investing early. Time and compound interest are your best allies—begin investing free online financial money advice as early as possible.

Keep learning about personal finance, avoid lifestyle inflation, and always live below your means. Adopting these tips will grow your wealth and solidify healthy financial practices for the long haul.