Automate Your Savings and Investment Contributions
Have you set up all these saving methods? Good, not it’s time to ensure that come what way, you won’t forget about them.
Automating your savings and contributions will ensure that even when you’re having an off month or week, you’ll still prepare for your financial future. You can do this by setting up transfers from your checking account to your savings account or by making sure some of your paycheck goes straight into your 401(k).
Just make sure to keep an eye on them from time to time and make adjustments accordingly.
If You Can Buy Instead of Rent, Do It
It’s every millennial’s dream, right? To stop paying rent and have a place of their own. We have to agree that owning a house is one of the biggest, most important investments of a lifetime, so the sooner you can buy your own place, the better.
You can still make money by renting out rooms if you buy a big enough home, offsetting some of the seemingly insurmountable costs of homeownership.
