• Lower your monthly payments
  • Reduce stress and live your life
  • Avoid personal bankruptcy court

The Biggest Financial Hurdles For 20-Somethings

A person’s 20s are there most fun, exciting and stressful parts years of their life. This part in their life is full of so many opportunities, yet hard because of the change that you are sure to encounter. You will need to stay strong in this time because you will need to pay for a lot of things that you will need. Your financial status will be extremely important in this stage. In this stage, you will realize just how important money really is. Fortunately, you will also develop different means and ways to get money (legally, of course). In this article, we will tackle how you can get over some of the biggest financial hurdles you will experience in your life.


Focus And Do Your Best

It might be cliché but it’s true. You are your strongest self during these times, and it’s best to exploit it as much as you can. When you land on your first job, do your best to outperform everyone else. Ask for overtime work hours. Do more projects. Show your boss and your company that you’re one of the best assets they have. If you work hard enough, they will recognize your effort and will reward you immensely. Many young people at the age of their 20s usually focus on having a good time. Time is passing you by, and it’s best that you focus on having a good record while you’re still young.

Seize Opportunities 

Don’t complain if your first pay check is much lower than what you had actually expected. You’re still starting out, and you’re starting out at the bottom of the ladder. You need to prove yourself first before you start earning the big bucks. However, if your pay is still low, and you feel that you’re not getting anywhere, don’t quit your job just yet. Feel free to ask for a promotion or a raise if you’ve done more than your job to earn it. If you get declined, then go ahead and look for a new job. It’s important to make yourself aware of the many opportunities that lie while you’re at this stage in your life.

No Credit No Problem

If you happen to be a fresh graduate, chances are that you don’t have any credit history behind you. Having a credit card is one of the best things that can happen to you, so long as you handle the responsibility. The new credit card law dictated that college students need to have a parent or a grown up the age of 21 or older to co sign with them. This has hampered their ability to explore the world of credit building. Make sure you apply for a credit card as soon as you reach the required age. Being responsible and knowing about credibility at a young age can help you hand credit cards better in the future. Make sure you do not fall behind your bills though, as doing so can negatively affect your credit. Make sure you show people that you’re more than ready to handle credit and that you can handle paying the bills just fine. Doing so can make people trust you and in turn, will give you a higher credit rating.

No Financial Experience? No Problem!

There are many financial hurdles that await you. There are also many financial opportunities that await you as well. You might choose to purchase a vehicle or a house or an apartment. At this time of your life, everything is up in the air. It all might seem intimidating… because it is. Here are some tips to help you in this intimidating part in your life:

• Don’t ever be afraid to ask for help. There are many people who are willing to help you so long as you take the time and effort to ask them. Oftentimes, the best advice you can have is actually free. Just ask your neighbours, family and friends.

• You may even choose to hire a financial adviser, so long as you have the money for it.

• Always do your research and study about the different things you can do with your money.

• Also, if your parents happen to have a financial counsellor, then don’t be afraid to ask advice from that counsellor or from your parents themselves. You are like a sponge at this part in your life; you simply absorb a large amount of information within a short time. Make the most of this by asking as much as you can about money. Stocking up on knowledge is the best thing you can do to prepare for the future.