financial advice Archives - Critical Financial

Home Posts Tagged "financial advice"

Strategies to Set Up Adult Teens For Financial Success

Posted by Melissa Batai on Feb 22nd, 2022 · 0 Comment

When your child turns 18 and becomes an adult, that’s the perfect opportunity to spend a day or two setting him up for a bright financial future. Of course, hopefully, you’ve been teaching him financial lessons throughout his childhood. Our son will turn 18 in just a few months, and we plan to use strategies to set up adult teens for financial success. Set Up a Budget The first step is...
more →

Best Financial Advice When You’re in Your 20s

Posted by Melissa Batai on Jan 25th, 2022 · 0 Comment

Being in your twenties is an exciting time in life. By your mid-20s, you may have gotten your degree and gotten your first real job. You’re making more money than you have at any point in your life. In addition, you have freedom because you’ve moved away from home and may not yet be married and have kids. You are also likely to be healthy. This is one of the best periods of your life. However,...
more →

Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Strategies to Set Up Adult Teens For Financial Success

Best Financial Advice When You’re in Your 20s

About the Author

Critical Financials’ Basic Personal Finance Rules

Support Our Advertisers