wordpress-seo
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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/kiwireport002/public_html/wp-includes/functions.php on line 6114When we\u2019re younger, we\u2019re always told by adults that we need to start saving our hard-earned pennies. Of course, we definitely don\u2019t listen – after all, life is for living, isn\u2019t it?! However, as we get older, we realize we probably should have taken that sage advice after all. Here are just some of the many reasons you should start saving in your twenties.<\/p>\n
When you\u2019re in your twenties, there is a good chance you have fewer responsibilities than you will when you\u2019re older. Of course, this is a generalization and not always the case, but very few people in their twenties have significant financial responsibilities yet. No mortgage, no children, and sometimes very few bills if you\u2019re still living at home. Now is the best time to save, when you actually have some disposable income. As you get older, and those responsibilities mount up, you\u2019ll find it a lot harder to put money aside each month. While you may not be earning as much in your twenties as you hopefully will be later on in life, even putting a little bit aside can add up. Those few dollars here and there in a savings account will all make a big difference later on in life. You should follow the 50-30-20 rule <\/a>throughout your life so that you\u2019re always putting something aside. This means that 50% of your income should go on essentials, 30% on the things you want (non-essentials and luxuries), and then 20% on savings. As your salary increases, that 20% will add up more and more.<\/p>\n It may be weird to think about your retirement in your twenties, but it will sneak up on you quicker than you think. One minute you\u2019ll be living the mid-20s dream and the next you\u2019ll be saying goodbye to all of your work friends as you retire. They say that life seems to speed up as you get older, so don\u2019t put everything off until tomorrow. Using the 50-30-20 rule means you\u2019ll be able to keep saving for that looming retirement.<\/p>\n Now we know why you should start saving in your twenties, let\u2019s look at how you can actually do it! We already know what percentage should be going into savings, but what if you can\u2019t afford that? Unfortunately, it may be time to look at the 50% and 30% of your income. Are there any bills you can cut down? Are you spending more than 30% on luxury items? Perhaps those nights on the town and restaurant dinners are eating into your savings cash!
\nIt all adds up<\/h2>\n
Retirement is just around the corner<\/h2>\n
How to save in your twenties<\/h2>\n
\nMake use of apps<\/h2>\n