https://www.nerdwallet.com/article/finance/manage-money-20s
NerdWallet Advisory LLC. 1. Control spending. Responsible spending is the foundation for financial health. To get a sense of how much to spend on what, plug your income in the calculator below

https://www.truist.com/money-mindset/principles/mind-money-connection/finance-goals-for-your-20s
9. Don't just invest your money—invest in yourself. Remember: You are your greatest asset. In your 20s, Ford recommends investing in networking, knowledge, education, and skills to set you up for long-term success. "Put money into investing in yourself," says Ford.

https://www.gobankingrates.com/money/financial-planning/most-important-money-lessons-to-learn-in-your-20s/
According to Feutz, this is the most important financial habit to implement while young. "Doing so will help you set yourself up for a successful financial future and will provide flexibility in life — not only now but later as well," he said. 3. Automate Your Retirement Savings. Retirement may seem like a lifetime away.

https://www.cnbc.com/select/smart-money-moves-in-20s/
6 money moves to make in your 20s. Create a budget and stick to it. Build a good credit score. Set up an emergency fund. Start saving for retirement. Pay off debt. Develop good money habits. 1

https://www.investopedia.com/how-to-invest-in-your-20s-8620961
At just an annual 4% return, not counting inflation, a single dollar invested at age 20 would grow to $5.84 at age 65, while a dollar invested at age 30 would only be worth $3.95 by retirement age

https://www.thebalancemoney.com/financial-skills-twenties-2386029
Learn How To Avoid Impulse Shopping. Shop With a List and Plan Before You Buy. Account for Irregular Expenses. Save Up for an Emergency Fund. Focus on Networking and Career Growth. Take Advantage of Your Employee Benefits. Pay Yourself First. Track Your Progress. Protect Your Savings.

https://www.thebalancemoney.com/money-steps-in-twenties-2385840
Guido Mieth/Getty. The most important step you can take in your twenties is to begin budgeting. Regardless of your financial situation, it's always wise to stick to a budget. But in your 20s, the sooner you start budgeting the better off you will be financially. Your budget gives you the ability to decide how you want to spend your money.

https://www.nerdwallet.com/article/investing/how-to-invest-in-your-20s
To invest in your 20's: 1. Make retirement contributions and accept your employer match 2. Learn about risk 3. Invest in low-cost index funds and ETFs 4. Automate your investment management with

https://www.forbes.com/sites/cicelyjones/2024/04/26/how-to-set-yourself-up-for-financial-success-in-your-20s/
Budget. In your 20s, your income is typically rising each year. This is the time to build good habits around budgeting. To keep a budget, it doesn't require the kind of work some people think.

https://finance.yahoo.com/news/20-things-know-saving-money-200035692.html
RichVintage / Getty Images. Saving money in your 20s should be a top priority for young people — but it's not. A staggering 44% of young people ages 18 to 24 have $0 in their savings accounts

https://www.kiplinger.com/article/saving/t063-c006-s001-10-financial-commandments-for-your-20s.html
You should then start paying down debt on your highest-rate cards first. 5. Build an emergency fund. Insurance alone (see commandment #3) won't cover all of your problems. You still need to have

https://www.gobankingrates.com/saving-money/savings-advice/20-things-should-saving-money-20s/
Learn everything you need to know about saving money in your 20s. 1. Saving Money Is a Habit You Have To Practice. Even if you start with saving just $1 more a week, it's important to establish a savings habit while you're young. Start saving small, painless amounts and watch your savings account balance grow.

https://www.forbes.com/sites/peterlazaroff/2020/07/15/investing-by-age-series-investing-in-your-20s/
The financial decisions you make in your 20s are arguably more important than any other time in your life. The most important decision you can make is to start now. To illustrate, imagine two

https://www.forbes.com/sites/alexandratalty/2017/09/21/19-easy-ways-to-save-money-in-your-20s/
11. Get a better bank account. If your bank account is charging you unnecessary fees and a nonexistent interest rate for your savings, then it's time to shop around and a better fit for you. You

https://www.sofi.com/learn/content/beginners-guide-investing-20s/
Here are a few different strategies for investing money in your 20s. Think About Financial Goals. When determining your financial goals, you may want to break down short-, medium-, and long-term milestones. You want to ask yourself what you want from your money and figure out when you'll need to use the money.

https://finance.yahoo.com/news/6-things-money-20s-according-123000313.html
Between graduating, starting a career, potentially moving to a new city or into a new home, getting married, and countless other life-defining events, your 20s are years filled with new

https://www.varomoney.com/money-101/planning-and-investing/financial-planning-in-your-20s/
Many people develop a creative or tech-based skill alongside employment in their 20s. Once you're good enough at it, you can market it online and make money from it—and if you get really good, you can make enough to help secure your financial future. 7. Focus on career growth and networking.

https://www.edwardjones.com/us-en/market-news-insights/investor-education/investment-age/investing-your-20s
One way you can do that is by increasing your contribution by at least 1% a year. As you can see from the chart below, the cost of waiting can be significant. Take advantage of the fact that retirement is years away by contributing to your retirement account now. Source: Edward Jones. Illustration assumes $1,000 invested each month with a 6%

https://www.thesource.org/post/smart-money-moves-in-your-20s
That means if you put 6% of your paycheck aside to this retirement fund, your employee will put in 3%—that's a 50% return on your money. ‍. 3. Make A Budget. You have life goals, but now it's time to establish some financial goals. Spend some time plotting out what you want for yourself financially—maybe it's to buy a home in your

https://www.businessinsider.com/smart-things-money-20s-2015-8?op=1
4. Create a budget and monitor your cash flow. Cash flow is one of the most important things to be aware of, especially in your 20s, Meaney tells us: "You've got to know where your money is going

https://www.cnn.com/cnn-underscored/money/invest-in-your-20s
"When you're in your 20s, you're most likely not sitting on a huge amount of money," said Winget. "If that is the case, you don't need a robust private wealth advisor. In most cases, a

https://www.bankrate.com/investing/best-ways-to-get-into-investing-in-your-20s/
The average Gen Zer said they'd need to earn at least $193,000 a year to feel financially comfortable, according to a new Bankrate survey. Before you start investing, it's important to save

https://www.nytimes.com/2024/05/13/your-money/your-money-a-boot-camp-for-20-somethings.html
Ron Lieber, Your Money columnist. When I think about my first decade of work, from 1993 to 2003, I mostly feel grateful. I lucked into cheap rent — $260 for the second-largest room in a five

https://www.msn.com/en-us/money/personalfinance/10-standard-money-mistakes-to-avoid-in-your-20s-and-30s/ss-AA1o8CxR
In their 20s and 30s, most people don't make any budget regulations and spend more than their monthly income without any clear plan. If you want to be financially independent at a later age, set

https://www.businessinsider.com/what-to-do-in-your-20s-2017-10?op=1
Advertisement. Your twenties can go by quickly but those years can be some of the most important and transformative of your life, according to clinical psychologist Meg Jay, who gave a Ted Talk

https://bettermoneyhabits.bankofamerica.com/en/saving-budgeting/ways-to-save-money
Now that you know what you spend in a month, you can begin to create a budget. Your budget should show what your expenses are relative to your income, so that you can plan your spending and limit overspending. Be sure to factor in expenses that occur regularly but not every month, such as car maintenance.

https://www.uccu.com/learning-to-investing-in-your-20s/
Over time, this can lead to exponential growth of your wealth. The earlier you start investing, the more time your money has to compound, leading to significantly larger returns in the long run. Here are a few other reasons why you should start investing in your 20s: Risk Tolerance: Younger investors can afford to take more risks for higher

https://www.moneyunder30.com/beginners-guide-to-saving-for-retirement/
If you're in your 20s or 30s, then you've got a long way to go before you're going to need your retirement savings. As such, you should have a very high tolerance for risk. Even if the market takes a dive (like, say, it did in 2008-2009), you'll have plenty of time (possibly decades!) for the market to recover.

https://www.nerdwallet.com/article/finance/what-women-should-know-about-their-investing-power-and-needs
You can also begin with relatively small amounts of money, says Marguerita Cheng, a certified financial planner. "People think you need to have a lot of money to invest but the opposite is true.

https://www.gobankingrates.com/retirement/planning/how-much-you-should-have-in-your-retirement-fund-at-age-30-40-50-and-60/
Many Americans don't sign up for a 401(k) in their 20s, meaning they aren't taking advantage of a potential employer match. "An employer match on your 401(k) is free money, but roughly a quarter of employees are leaving free money on the table by not taking advantage of their match," said Brian Walsh, a certified financial planner and financial planning manager at SoFi.