Financial planning for young professionals

“Better late than never” is a saying that applies to many different situations — even when developing a financial plan. Yet although it’s never too late, the truth is… the earlier the better. That’s why young professionals should work to achieve financial stability ASAP. Here are some tips to get started:

• Budget: Know your income, track your expenses and plan accordingly.

• Save: This breakdown from TIAA recommends saving at least 20% of every paycheck.

• Invest: Simply learning the basics of investing can have a huge impact on your financial portfolio.

Click here for more advice on working toward (early) financial freedom.

– Trey Adams, The Pittsburgh 100