Your 20s are supposed to be your years of exploration, travel, love and making mistakes. You’re supposed to be carefree for a little while longer (minus the adulting that will slowly start to creep in), enjoying newfound freedom and fresh employment. But, if you do things right, your 20s can also offer you the opportunity to really set yourself up, well, for life. The thought of saving and investing sounds pretty boring – confusing, even – but starting as early as possible (19 isn’t a bad age to get the ball rolling!) will keep you ahead of the game. But how, you ask? Great question. Shihaam Hassanali goes to the bank.
As every year comes to a close, I like to look back at the past 12 months and determine how well (read: badly) I’ve managed my finances. And invariably, I’m tearing my hair out and promising myself better habits the next year. But, with the gift-giving and party season upon us, I expect my wallet to be fairly lighter by the beginning of 2018! Having fun and leading a lifestyle that has us enjoying the benefits of the pay gleaned from our 9-to5s is a no-brainer for us millennials. But, beginning to lay a foundation for our future is just as important as living life to its fullest. The subject of money and balancing our finances is a tedious, and sometimes, difficult conversation to have. Plus, most 20-somethings aren’t really certain about the options available for saving and investing. So, here are a few tips to push you along in the right direction.
Start with a savings account
When you were little, your mom and dad probably opened a kids account and set aside a specific amount for you each month. Today, most banks will allow you to convert this children’s account into a regular one when you turn 18-years-old. However, if you’ve already busted all the dough for education or just, life, in general, it’s really never too late to open an account solely to save. Many banks have a variety of options to choose from, including accounts for career-driven women, managing their own finances.
Denne historien er fra December 2017-utgaven av Cosmopolitan Sri Lanka.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 2017-utgaven av Cosmopolitan Sri Lanka.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Letting go of fear
Oozing confidence, Shalindri Malawana learned a long time ago how to take on anything life thrust at her.
Conservation and care
Savera Weerasinghe’s career, from a non-profit to the manufacturing industry to sustainability, has always had a single common theme: start small, think big.
A woman with a cause
Shiandra Gooneratne is in a bat t le against an age-old enemy and plans to make a difference
Telling stories making space
Nabeela Yaseen created a platform for women and girls to feel safe, seen, and supported. She never expected just how many of them would need it.
Saving the environment
Anoka Abeyrathne, a conservationist and social entrepreneur, is only just getting started
Doing her own thing
Shifani Reffai has done a lot of different things. But she’s done them all her way.
Dance etched in her veins
Thajithangani “Thaji” Dias lives and breathes dance
Changing mindsets
Randhula De Silva, CEO of Hatch and Director of GIZ, is a disrupter at her core. And she’s just get ting started.
A guide to making it big in your career
It 's in the details
How To Watch A Movie Alone And Have The Best Time Ever
Movie marathon, anyone? No? Cool, I‘ll go solo!