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Financial Tips for Young Adults

Last post Sat, May 12 2012 9:59 PM by sissy. 5 replies.
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  • Fri, Jun 25 2010 2:52 PM

    • Pat
    • Top 10 Contributor
    • Joined on Tue, Mar 6 2007
    • Colorado
    • Posts 14,463

    Financial Tips for Young Adults

    I got this link in an email and found it quite interesting: 50 Important Financial Tips for Young Adults

    Almost every tip is linked to an article somewhere, so you could spend awhile exploring it. I think they've done a good job of rounding up the basics and beyond.

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  • Fri, Jun 25 2010 3:16 PM In reply to

    • Toni B.
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    • Joined on Sat, Apr 5 2008
    • Seneca Falls NY
    • Posts 3,826

    Re: Financial Tips for Young Adults

    Interesting list but I thought of a few more. There should have been a section about finances and social lives. For young people (especially singles) a social life is a high priority and keeping up with that costs money. Its also about choosing friends who will share the same financial goals. Both my sons have horror stories about having one at least one friend who is either financially irresponsible or a mooch. Those kind of friends are high maintenance and drag everyone else down. People forget there are emotional ties and triggers when it comes to spending money and managing finances.
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  • Fri, Jul 30 2010 2:35 PM In reply to

    Re: Financial Tips for Young Adults

     Those tips seem to work for people of any age who want to learn how to spend money wisely. I think that, ideally, someone would start to learn these things in high school, before the stakes are higher.

  • Thu, Sep 30 2010 3:08 PM In reply to

    Re: Financial Tips for Young Adults To Save Money

     One of the biggest hurdles in saving money is peer group pressure. I know it's often all too easy to succumb to peer group pressure when you are doing things with your friends, and waste your money through impulse spending. I have the same problem before I stumbled in this website that helped me change  my outlook on the importance of saving my hard-earned money.

  • Fri, May 4 2012 3:02 PM In reply to

    • TJMitas
    • Not Ranked
    • Joined on Fri, May 4 2012
    • Posts 6

    Re: Financial Tips for Young Adults

     I would suggest attending a community college for a year or two and then transferring out (if that's your choice) to a four year. Most colleges accept ALL of your credits and you could potentially save yourself +$25K or more. Of course, college isn't the route for everyone - but always be aware before you take out any student loans.

  • Sat, May 12 2012 9:59 PM In reply to

    Re: Financial Tips for Young Adults

     A dollar earned today is worthless tomorrow so get six months saving in this year not next year.

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