Comments on: 5 Financial Preparedness Moves for the Under 20 Crowd http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/ Personal finance blog discussing investments, savings, insurance and financial planning ideas to grow wealth Thu, 09 Feb 2012 00:14:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Preparing For Your Peak Income Years http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/#comment-6199 Preparing For Your Peak Income Years Thu, 23 Sep 2010 11:01:24 +0000 http://financialhighway.com/?p=3911#comment-6199 [...] People in their 20s usually have the lowest income because they’re starting out. While those in their 30s may not earn the most, they experience the largest increase in income because that’s when they generally move on from entry-level jobs to career-oriented positions. [...] [...] People in their 20s usually have the lowest income because they’re starting out. While those in their 30s may not earn the most, they experience the largest increase in income because that’s when they generally move on from entry-level jobs to career-oriented positions. [...]

]]> By: Guide to Financial Literacy at Important Life Stages http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/#comment-3373 Guide to Financial Literacy at Important Life Stages Mon, 26 Apr 2010 11:02:02 +0000 http://financialhighway.com/?p=3911#comment-3373 [...] start learning about money when you are just a child. By the time that you are 18, you should be financially literate [...] [...] start learning about money when you are just a child. By the time that you are 18, you should be financially literate [...]

]]> By: Financial Literacy: Why Credit Cards Can Be So Devastating http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/#comment-3294 Financial Literacy: Why Credit Cards Can Be So Devastating Mon, 19 Apr 2010 11:19:38 +0000 http://financialhighway.com/?p=3911#comment-3294 [...] If you want to break the debt cycle, you have to get back to financial basics: [...] [...] If you want to break the debt cycle, you have to get back to financial basics: [...]

]]> By: Victorino http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/#comment-3020 Victorino Thu, 25 Mar 2010 09:52:39 +0000 http://financialhighway.com/?p=3911#comment-3020 Happy Birthday Grace. Unfortunately, I am already turning 29 this summer. A great tip to young people is to save and earn. Saving is good but investing is better. We should not just hide money but earn money. Happy Birthday Grace.
Unfortunately, I am already turning 29 this summer.
A great tip to young people is to save and earn.
Saving is good but investing is better.
We should not just hide money but earn money.

]]> By: Black Coffee: My Favorite Blogs, Money News & Opinions #38 (America on the Brink Edition) http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/#comment-2879 Black Coffee: My Favorite Blogs, Money News & Opinions #38 (America on the Brink Edition) Fri, 19 Mar 2010 22:47:40 +0000 http://financialhighway.com/?p=3911#comment-2879 [...] trillionaire blogger Miranda Marquit wrote a guest post for Ray over at Money Highway regarding five financial preparedness moves you should make in your twenties.  In fact, rumor has it that Miranda wrote this post while [...] [...] trillionaire blogger Miranda Marquit wrote a guest post for Ray over at Money Highway regarding five financial preparedness moves you should make in your twenties.  In fact, rumor has it that Miranda wrote this post while [...]

]]> By: Grace http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/#comment-2858 Grace Tue, 16 Mar 2010 17:20:01 +0000 http://financialhighway.com/?p=3911#comment-2858 I just wish I woul've been able to read this before I turned 20! 23 in 2 weeks! Happy Birthday to me! I just wish I woul’ve been able to read this before I turned 20! 23 in 2 weeks! Happy Birthday to me!

]]> By: Ray http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/#comment-2853 Ray Mon, 15 Mar 2010 22:50:29 +0000 http://financialhighway.com/?p=3911#comment-2853 @Craig....Agree with you on that....budgeting should be taught at a young age. @Maxwell....Good job with the TFSA....now fund it when you can...it'll go a long way when you done school....I agree with your credit card suggestions, however so many students fall victim to CC's so I rarely see a disciplined enough student to apply those strategies properly. I fell for that trap and had about $5000 in CC debt alone when graduated....I have paid the price for it @Craig….Agree with you on that….budgeting should be taught at a young age.

@Maxwell….Good job with the TFSA….now fund it when you can…it’ll go a long way when you done school….I agree with your credit card suggestions, however so many students fall victim to CC’s so I rarely see a disciplined enough student to apply those strategies properly. I fell for that trap and had about $5000 in CC debt alone when graduated….I have paid the price for it

]]> By: Maxwell http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/#comment-2849 Maxwell Mon, 15 Mar 2010 14:34:36 +0000 http://financialhighway.com/?p=3911#comment-2849 This is a great article and is exactly what I was looking for. By the way, I opened my TFSA two months after I turned 18. The part about credit cards is very true. I have done my best to use it like a debit card, only charging for amount that I have available. I think they are a great asset if you can get one that has cash back or other rewards, and then pay your tuition using it. Of coarse the most important part is that you have the money to pay the tuition charge, if not the interest will really hurt you, and a loan is probably better. This is a great article and is exactly what I was looking for. By the way, I opened my TFSA two months after I turned 18. The part about credit cards is very true. I have done my best to use it like a debit card, only charging for amount that I have available. I think they are a great asset if you can get one that has cash back or other rewards, and then pay your tuition using it. Of coarse the most important part is that you have the money to pay the tuition charge, if not the interest will really hurt you, and a loan is probably better.

]]> By: Craig Ford http://financialhighway.com/5-financial-preparedness-moves-for-the-under-20-crowd/#comment-2848 Craig Ford Mon, 15 Mar 2010 13:25:31 +0000 http://financialhighway.com/?p=3911#comment-2848 If my kids got through their 20s and knew how to budget and work I'd consider that a sucess. Budgeting is so important for young people. There is no point in working until you first know how to manage the money you have. Great post. If my kids got through their 20s and knew how to budget and work I’d consider that a sucess. Budgeting is so important for young people. There is no point in working until you first know how to manage the money you have.
Great post.

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