7 Smart Financial Moves Before You Enter the Age of 30
6. Set up an Emergency Fund
In this highly competitive and unpredictable world you never know when a crisis situation may arise. Stopping a crisis is not in your hand but few cash in hand will definitely make it easier to handle the crisis wisely. Hence, it is very important to have some savings equivalent to seven to eight months of expenses. And it is more significant before you reach 30, as responsibilities grow with age. Make sure you have an emergency fund ready whenever require.
7. Start Investing Early
The earlier you start, closer you get to reach the finish line. Take benefit of the plan presented by your employer and make sure that you are saving the utmost allowed. This money is mechanically withdrawn from your salary so it is simple and suitable means of saving. If your employer doesn't present this assistance then look at Individual Retirement Schemes, which will permit you to save for your retirement. Yet again make sure that you are saving the maximum amount permitted by law.
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