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Youth is the time to experiment and make mistakes. But if you let yourself live too freely, you could make blunders that you will regret for the rest of your life. This is especially true in finances. You should be able to go out and enjoy yourself, but you should also think seriously about your future. Here are a few things you should do in your 20s that will make the rest of your life that much easier.

1. Open a retirement account

Even if your work doesn't provide you with one. Most retirement accounts have a ceiling on how much you are allowed to contribute within a year, but there are no minimum required payments beyond your first deposit. Putting aside a small nest egg early will really build up over time. Ideally, you would still contribute a certain amount each month. But if your finances are really tight, you can just put some money away and forget about it. Read our explainer on the difference between Roth IRA and Roth 401(k) accounts for more.

2. Pay off as much of your student loans as possible

Forty percent of Americans under 30 have student loans. If you're one of them, use your 20s to pay off as much of the total amount as possible. Instead of just making the minimum payments, add a little extra each month. It won't be fun. However, it will be easier to use your extra income for this now rather than later in life when you will probably have other responsibilities like a mortgage payment. Lowering your total debt will also result in less accrued interest and ultimately less to pay off later on.

3. Build your emergency fund

If you don't have a savings account at this point, you really should open one. Contribute a set amount to it with every paycheck. Your savings will build up quickly if you're saving consistently. Ideally, you wouldn't touch this money unless an emergency expense pops up. However, dipping into it on occasion for a small treat now and then isn't too big of a deal. Having enough saved to cover unexpected car repairs or medical bills will save you from a lot of unneeded debt.

4. Limit unnecessary debt

Speaking of debt, limit how much you have. This sounds like common sense, but you should really be aware of how much you're spending on your credit cards. To limit how much you're spending, treat them like a debit card. Don't spend if you can't afford it. Do not ever use your credit card for frivolous items. That's the fastest way to spiral into even more debt.

5. Keep your credit score decent or excellent

Ideally, you should be able to pay off your cards every month. This should be easy if you're only using them for routine expenses. Paying off your entire balance will yield a pretty excellent credit score. But if you can't pay off your whole balance, make sure you're at least paying the minimum amount on time. Building and maintaining a good credit score will set you up for life. It will make it easier to get a better apartment or mortgage payment down the road.

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Over two years into the most momentous event in our lives the world has changed forever … Some of us have PTSD from being locked up at home, some are living like everything’s going to end tomorrow, and the rest of us are merely trying to get by. When the pandemic hit we entered a perpetual state of vulnerability, but now we’re supposed to return to normal and just get on with our lives.

What does that mean? Packed bars, concerts, and grocery shopping without a mask feel totally strange. We got used to having more rules over our everyday life, considering if we really had to go out or keeping Zooming from our living rooms in threadbare pajama bottoms.

The work-from-home culture changed it all. Initially, companies were skeptical about letting employees work remotely, automatically assuming work output would fall and so would the quality. To the contrary, since March of 2020 productivity has risen by 47%, which says it all. Employees can work from home and still deliver results.

There are a number of reasons why everyone loves the work from home culture. We gained hours weekly that were wasted on public transport, people saved a ton of money, and could work from anywhere in the world. Then there were the obvious reasons like wearing sweats or loungewear all week long and having your pets close by. Come on, whose cat hasn’t done a tap dance on your keyboard in the middle of that All Hands Call!

Working from home grants the freedom to decorate your ‘office’ any way you want. But then people needed a change of environment. Companies began requesting their employees' RTO, thus generating the Hybrid Work Model — a blend of in-person and virtual work arrangements. Prior to 2020, about 20% of employees worked from home, but in the midst of the pandemic, it exploded to around 70%.

Although the number of people working from home increased and people enjoyed their flexibility, politicians started calling for a harder RTW policy. President Joe Biden urges us with, “It’s time for Americans to get back to work and fill our great downtowns again.”

While Boris Johnson said, “Mother Nature does not like working from home.'' It wasn’t surprising that politicians wanted people back at their desks due to the financial impact of working from the office. According to a report in the BBC, US workers spent between $2,000 - $5,000 each year on transport to work before the pandemic.

That’s where the problem lies. The majority of us stopped planning for public transport, takeaway coffee, and fresh work-appropriate outfits. We must reconsider these things now, and our wallets are paying

the price. Gas costs are at an all-time high, making public transport increase their fees; food and clothes are all on a steep incline. A simple iced latte from Dunkin’ went from $3.70 to $3.99 (which doesn’t seem like much but 2-3 coffees a day with the extra flavors and shots add up to a lot), while sandwiches soared by 14% and salads by 11%.

This contributes to the pressure employees feel about heading into the office. Remote work may have begun as a safety measure, but it’s now a savings measure for employees around the world.

Bloomberg are offering its US staff a $75 daily commuting stipend that they can spend however they want. And other companies are doing the best they can. This still lends credence to ‘the great resignation.’ Initially starting with the retail, food service, and hospitality sectors which were hard hit during the pandemic, it has since spread to other industries. By September 2021, the US Bureau of Labor Statistics reported 4.4 million resignations.

That’s where the most critical question lies…work from home, work from the office or stick to this new hybrid world culture?

Borris Johnson thinks, “We need to get back into the habit of getting into the office.” Because his experience of working from home “is you spend an awful lot of time making another cup of coffee and then, you know, getting up, walking very slowly to the fridge, hacking off a small piece of cheese, then walking very slowly back to your laptop and then forgetting what it was you’re doing.”

While New York City Mayor Eric Adams says you “can't stay home in your pajamas all day."

In the end, does it really matter where we work if efficiency and productivity are great? We’ve proven that companies can trust us to achieve the same results — or better! — and on time with this hybrid model. Employees can be more flexible, which boosts satisfaction, improves both productivity and retention, and improves diversity in the workplace because corporations can hire through the US and indeed all over the world.

We’ve seen companies make this work in many ways, through virtual lunches, breakout rooms, paint and prosecco parties, and — the most popular — trivia nights.

As much as we strive for normalcy, the last two years cannot simply be erased. So instead of wiping out this era, it's time to embrace the change and find the right world culture for you.

What would get you into the office? Free lunch? A gym membership? Permission to hang out with your dog? Some employers are trying just that.

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Did you hear about the Great Resignation? It isn’t over. Just over two years of pandemic living, many offices are finally returning to full-time or hybrid experiences. This is causing employees to totally reconsider their positions.

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