Bangalore: Responsibilities starts increasing from the age of twenty. It is the period, one step into the corporate world or starts etching plans for the future. This is the perfect time to plan life accordingly.

Most of the times, people gets carried away at this point of their lives. This happens due to the lack of concentration, willingness, over burden and lot more.

Here are few points about how to manage financial life during and post twenties.

1. Start from the Beginning

From the very beginning, you should be focused on your goals. Among these goals, financial goals should get the more attention.

Financial goals should be divided into three types: short term goals, middle term goals and long term goals. Short term goals should have a span of five years. Middle term goals can be achieved within ten years and long term goals should be given a minimum of twenty years or more.

The long term goals should be more focused as it will contain the post retirement plans.

2. Start Saving

Savings play an important role in our lives. As we all know, accidents are truly unpredictable; it can happen to anyone and can occur anytime.

How much you earn in a month is very important, but the amount you save at the end of the month is more important. Savings can be called as the emergency funds in our lives.

Set your own saving target according to your income. This process might appear tough in the beginning but after six-seven months, when you will be counting your savings, you will get overwhelmed.

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