We all have to start out somewhere, and most of us find ourselves short of money at some time in our lives. Whether you are just starting your career, are between jobs, or are dealing with a personal or family emergency, there are likely going to be times when money will be tight.
Worrying about keeping up with household expenses seems to be a universal concern, and many Americans continue to plod along through jobs they hate because they need to pay the bills. However, you don’t have to be a slave to your paycheck. With the right kind of financial tools and financial planning, you can realize your own financial freedom.
Are you ready for the big 3-0? Turning 30 is an important milestone, and where your 20s are relatively carefree, your 30s are when you start to become more serious about saving. Traditionally, most people get married, buy a home, and start a family in their 30s. This is also the time when your career usually takes off, giving you more stability and more income. It’s also the time to review your plans for the future and how to achieve them, including new money management strategies.
Strong financial habits don’t just happen. You have to practice them over time, like regular exercise or good eating habits. Unfortunately, our credit-driven society encourages us to spend more than we can afford, so many Americans are not saving because of debt. If you can develop good financial habits early, then you will see the benefits for the rest of your life.