Skip to main content

Posts

Showing posts with the label Savings

Smart Financial Moves to Make in Your Twenties

Just read this very practical article entitled "Smart Financial Moves to Make in Your Twenties"... By iFast Financial The 20s is the 'Starting Out' stage, when fresh graduates join the rat race and when many experience the liberation of earning their own keep. This is when money is tight and many are living in debt after buying their first car, work wear and paying for a new lifestyle in the corporate world. It is not uncommon for many in this life stage to get carried away with their newly found financial independence till they forget to save and invest. Wilson Koe, Associate Director at Eternal Financial Advisory, shares that the very first thing a person in the Starting Out stage must do is to have at least six months worth of emergency savings. "Being able to save is fundamental to financial planning. Sadly, many tend to spend more than they can save, which proves to be one of the major difficulties facing young working adults today," Koe laments. The be...