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The Best Way to Approach Finances in Each Decade of Your Life

To your credit, you’re taking your fiscal future into your own hands.

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If you’re still in your twenties, setting yourself up for the future might look like putting a few dollars’ worth of gas in your car the night before you go to work or stashing some extra cash under your box springs. Have you ever considered putting that mattress money in a retirement account?

It’s never too early to start saving for retirement, nor is it ever too late! No matter what stage of life you find yourself in, it is possible to crawl out of debt, create a safety net, and become more financially literate. Whether you’re a fresh college graduate or a sharp, sensible senior, there are financial decisions to make that will impact your future.

Of course, the sooner you can construct the building blocks of your future, the better. The timeline below lists the financial goals that make the most sense based on your age, from taking chances in your twenties to which debt you should try to pay off in your forties. 

All you need is a foundation; the rest will follow. For now, take a deep breath and think about putting those five dollars you were going to spend on coffee into your IRA account. Your 80-year-old self will thank you.

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