19 Money Rules Everyone Should Know By 25

Are you in your 20s and looking to build a strong financial foundation? It’s never too early to start! This guide outlines 19 practical money rules that can help you achieve financial stability and reach your goals. From budgeting and saving to investing and planning for the future, these tips will equip you with the knowledge you need to make informed financial decisions. Let’s dive in and discover how to take control of your finances and secure a brighter tomorrow.

1. Pay yourself first.

• As soon as you get paid, put money into savings. Automating this is even better.

2. Keep a 6-month emergency fund.

• If you have multiple streams of income, you can go as low as 3 months.
• If starting out on your own, you could need as much as 12 months.

3. Budget using the 50/30/20 rule.

• 50% for needs
• 30% for wants
• 20% towards saving/investing

This is the bare minimum!

4. Divide your bonus into thirds:

• 1/3 for fun
• 1/3 for retirement
• 1/3 for debt paydown (add to retirement if only…