2. Make Financial Goals

As soon as you hear, figuring out goals, you feel it’s tenuous. It is actually hard to explain the goals in the financial world, especially when you are single and young. Plan your financial goals, as this will give you a direction to think so that you make effort to achieve that goal. If you have no goals set, then you will be randomly investing. Your financial goal should be specific, measureable, attainable, relevant and most importantly it must be time bound.

You may have dreams; put them down on paper, whether it is buying a bike or TV two years down the line or building a house 10 years later. You must also note the exact time after which you need the money and how much. Don't forget to include the impact of inflation and figure out the bloated sum for each goal. This will set a target for you to work towards and you will not struggle at the end when that goal is near.