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An easy step to take is to put aside found money, she advised.

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Spending Without Concern

Without a budget, its easy to overspend.

Get into the habit of being aware of whats in your wallet and your bank accounts, Ferdinando said.

Avoid the start-stop habits and try for a constant contribution, even during lifes bumpy phases, Reakus said.

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And thats what makes early saving so powerful, he said.

Even if youre putting away a small amount, compound growth will take your funds further than youd expect.

Even $50 a month to start can add up significantly over time.

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Balance is key here dont be all-in on any one trend or industry.

Knowing the why behindsaving and investing decisionsis empowering, he said.

For young people, estate planning is like rental insurance or putting on your seatbelt, Hannibal explained.

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