When you’re in your twenties, almost everyone around you are partying, bar hopping, shopping and saving is probably the last thing that would ever come to mind. It’s not cool. It’s not hip. Not everyone is doing it.
Personal finance, saving and investment are the most boring topics to talk about in reunions and late-night parties. Getting approved by credit card companies makes one look cool and tough. At work, all my co-workers are working so hard just to be in debt. Even before they receive their salaries, there are already piles of debts that’s waiting to be budgeted. No, budgeting beforehand is not the trend. On the contrary, sometimes the money they earn would all be spent on the things they’ve long been using. They’d be lucky if the money would be enough.
Such is a trend for twenty-somethings today.
You look cool when you have tons of credit cards.
You look hot when you’re wearing jewelries that’s been highly advertised in magazines and brochures.
Twenty-something is the time when people don’t really worry about the future because parents are there to support every whim and expenses.
Not for me.
I lost my father at the age of 15. I wasn’t born in an affluent family who would support my education and party expenses. Such situation has helped me to learn the importance of saving at such a young age. It has empowered me to become constantly motivated when saving becomes difficult. It has also fueled me to establish a definite goal and eventually turned my 100 to 100,000 through saving.
I remember a conversation I had with a friend who studied at one of the top-notch exclusive school in the country and she told me about how much money her family would be spending on her tuition fees, lodging, and miscellaneous fees.
Miscellaneous fees mean wardrobe and party expenses – no less. Of course it’s not a sin to be born in an affluent family and one is free to spend their money wherever they want it.
Yet it’s still important to save for the rainy days. And the best time to start doing so is when you are young – in your twenties. It’s the perfect time to save especially when your parents are still supporting you financially. You will have more chance of saving as you have a steady source of income and have little expenses when compared to adults who are already employed or married.
So to help you out, below are just some of the encouraging words from twenty-somethings for twenty-somethings to start banking on your savings:
“Saving is sexy and important because its easier to save money than to make money. Saving allows you to grow both financially and personally.” – Melvin Dichoso
“Saving makes you become responsible about spending your money wisely whether it be for retirement or saving up for that dream car. ” – Kathryn Villar
If you’re twenty-something and haven’t get started saving, you may want to start today and use your age to your advantage.
For those who are are not in their twenties, no worries. No matter what your age, starting today is always a better option than starting tomorrow.