By Taylor Tepper
April 13, 2016

What do you need to do about money when you’re in your twenties?

For starters, relax. Everything will probably be okay. But here are the basics:

  1. Live cheaply. Doing this will help you afford to save and invest. Sacrifice some freedom and get a roommate.
  2. Start saving. When you’re starting out, try to tuck away a month’s worth of expenses in a savings account in case of an emergency. Even $25 or $50 a paycheck is better than nothing. Once you hit a month’s worth of expenses, keep going. You want some cushion in case you lose your job or want to change careers.
  3. Start investing. The best way to do this is through your company’s 401(k). Put enough away to get your employer’s match—you don’t want to lose out on that free money. If your job doesn’t offer a 401(k), open a Roth IRA.


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