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. Here are the top 10 tips to get you on the right track.
First, prioritise saving. Even small amounts add up, so aim to put aside at least 20% of your income into savings or investments.
Second, create a budget and stick to it. Knowing where your money goes ensures you stay in control of your finances.
Building an emergency fund is crucial; aim for three to six financial advice months of expenses as a safety net.
Another key tip is investing early. Compound interest works wonders over time, so start as soon as you can.
Keep learning about personal finance, avoid lifestyle inflation, and always live below your means. By following these steps, you’ll not only build wealth but also create habits that will keep you financially healthy for decades to come.