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Here are fivemilestones to tackle in your 20s, according to Allocca.
Start Retirement Contributions (Ages 22-26)
At 22, retirement probably feels like its light-years away.
If you start saving for retirement in your 20s, you are already ahead of the game.
Start small and incrementally increase your contribution percentage to get closer to this target before turning 30.
While it may seem like a low priority now, your future self will thank you.
It can also help you secure better interest rates and show off your financial responsibility.
If your credit score is currently in the red zone, dont panic.
Its never too late to turn things around.
Establishing asolid credit scoremeans practicing good habits over time.
Pay your bills on time, minimize debt and practice responsible financial behavior.
She recommended exploring your passions and choosing something you enjoy doing.
After all, if it’s possible for you to make money doing something you love, why not?
Plus, side hustles are more common than you might think.
According to a LendingTreesurvey, 55% of millennials and Gen Zers have one.
Invest Beyond Retirement (Ages 28-30)
The final milestone to tackle before 30 might surprise you.
Investments made in your 20s benefit from compounding growth, allowing your money to work for you over time.
So its important to be intentional with your choices so you’re able to reap the rewards later.
For young investors,popular investment avenuesinclude stocks, bonds and mutual funds.
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