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Financial goals in your 20’s

October 9, 2019


Your twenties are exciting times to set your blueprint in life. Check out the following tips on how you can establish great financial habits that can financially set you up in a much better place in the future!


  • Establish the habit of Saving Money. Saving money nowadays requires a great sacrifice. Start this habit as early as in your 20’s if you want to form a saving habit, you have to take your financial decisions into your own hands.
  • Live within your means. This means that what you spend each month is less than or at least equal to the amount of money you bring in each month. Learn to spend your money wisely and be financial literate!
  • Keep an eye on credit. It might be tempting to swipe your way through that newly released mobile phone or that much talked about gadget to start a new hobby or a plane ticket to your dream destination especially with great credit card promos here and there but be very wary of these temptation as these may put you at risk of being in deep debt. Set personal spending limits to avoid the dangers of credit.
  • Start investing. Take advantage of your youth, start while you’re young. Investing early, focusing on your budget and cutting expenses when needed allows you to develop disciplined spending habits. The earlier you begin investing, the better your personal financial situation will be down in the line.
  • Set up an emergency fund. Everyone needs to save for the unexpected to prevent you from borrowing money.  Having something in reserve can mean the difference between weathering a short-term financial storm and going deep into debt.
  • Set long-term financial goals. While you’re young, start saving for your future because it is an important financial goal for everyone. You never know what unexpected costs you could face along the way.

Porac Bank will help you to achieve the best possible financial goals in your future.