FINANCIAL LITERACY TIPS FOR YOUNG ADULTS

Keep track of your income and expenses. A simple budget helps you avoid overspending and saves you from unnecessary stress.

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Focus on essentials like rent, groceries, and bills. Treats like new gadgets or dining out can wait if money is tight.

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Life is unpredictable. Save at least three to six months worth of expenses to handle unexpected situations like medical bills or job loss.

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Credit cards can be tempting, but high-interest rates make debt harder to pay off. Use them responsibly and pay your balance in full each month.

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Start small by exploring simple options like mutual funds or ETFs. Investing early lets your money grow over time.

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Understand how income tax works and learn to file returns. This knowledge saves you from surprises when payday arrives.

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Financial habits take time to build. Stick to your plan, adjust when necessary, and watch your money work for you.

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