Don’t think if you haven’t hit all goals that you are doomed. This is just a list to motivate you to hit the goals and gain more wealth for your future.
By now you should of had a full time job, and established bills. With that being said you should know the importance of having money set aside for an emergency. Every financial GURU, says to have $1000 saved. However I believe this amount is up too you. I have $1200 in my emerency fund. This is outside of my 3-6 months savings. I decided to have $1200 since my rent is that much and I know longer work so having 1 months rent accesible is perfect for my families need.
2. ESTABLISH CREDIT
By 25 you should have some form of credit and a bill in your name. You should also understand the importance of a credit card. The only bad thing that should be on your credit report is “not long enough credit history” I am 25 and have 2 years of credit and it still says I dont have enough history for an A rating in that category. But at this age you should at least have some credit.
3.LEARN HOW TO BUDGET
You may not have mastered it but you practice it every month and want to have a good financial standing. You have been on your own long enough to know how much money you need to make in order to pay your bills. Budgeting is a key factor in building wealth and setting your self up for the future. Knowing that you need a budget and how to essentially make one needs to be on the top of your to-do/goal list.
While complaining there are no jobs and no work after college is acceptable, but by 25 if you are still pointing fingers at everyone but yourself. Then I am asking you to grow up some and start looking into other areas for work. No one likes to hear bad news all the time from you, find some good in this world and be grateful for what you do have. I understand the market can be hard, and the workforce may be tough. But you are strong and creative, find a way and don’t complain.
5.FIGURED OUT HOW TO SAY “NO”
30% of american are getting less than 6 hours of sleep and are sleep deprived. Are you in that group that isn’t getting enough sleep. All-nighters in college were cute, but now you should of mastered the idea of “NO” and I need to get my sleep. I am a mom of a 7 month old baby and I get over 8 hours of sleep. Not because I am special but because I value sleep and I know its importance. By 25 you will have so many obligations whether thats work, graduate school, family, friends, and church. Although it is good to be busy its never fun to be cranky and sleep deprived. With less sleep you can give your all and at this age you want to make your mark on this world.
Dont feel overwhelmed if you haven’t achieve 1 or any on the list. This was just a pit stop to help you strive to becoming more self efficient and financial stable. Look at these goals and start implementing new ways to conquer them. Also have fun while doing it!