Page 51 - Book3E

The Different Stages of Life and Their
Financial Demands
It is certainly normal and expected that the financial demands we encounter when we’re in our 20s and 30s are different from those we face in our 40s and 50s and then beyond into our retirement years. Consider the following tips and suggestions for helping you use each stage of your life to build a solid financial future and still enjoy the journey along the way.
Your 20s and 30s (Early Career)
Obviously, when you’re in your 20s and 30s, you’re essentially just starting out, completing your education, landing that first career position, getting married and perhaps
beginning a family. The financial land-
scape at this stage may be dotted with
some student loans or possibly credit
card or other college-related debt. On
top of that you’re now likely providing
your own roof over your head, driving
a reliable car, purchasing a professional
wardrobe, and have some money left
over for a social life. At this young and exciting time of your life, it’s easy to consider retirement as something that will never come. But indeed it will, and sooner than you realize.
Saving is a very fine thing. Especially when your parents have done it
for you.
—Winston Churchill
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