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One of the most exciting times in life is being a young adult. After completing your studies and beginning work, you begin living independently. Small change from the past is now converted into large pay checks. Life at this stage is full with opportunity, difficulties, and change.

In search of greater professional possibilities, many people could be forced to leave the comfort of their home and relocate. You may not have given your family's finances much thought over the years, but now is the time to take charge of, organize, and plan for your personal funds. You need a plan if you want to be in charge of your financial future, open the doors to financial success, manage your money wisely, invest in profitable ventures, pay less in taxes, outpace inflation, and eventually reach your financial objectives.

You might believe that since you do not currently have any concrete goals, you do not need to start the financial planning process right once. It's crucial to realize that we all have at least some long-term essential objectives, such as purchasing a home, paying for our children's further education, funding our own businesses, and budgeting for our retirement. All of these objectives call for consistent long-term saving and investing commitments in order to build up the corpus of assets necessary to meet these objectives.

**Credit Card Use**: To avoid falling into a debt trap, use your credit cards responsibly and pay your bills on time. Avoid having several credit cards with high credit limit because doing so may urge you to spend more than you can truly afford.

**Loan**: Don't borrow excessively. Always try to keep your loan payments each month under 36% of your income.

**Retirement Plan**: Begin contributing a minimum of small sums on a monthly basis to your retirement fund or account.

**Know your investments**: Before investing, make sure you are well informed on the financial products to which you are committing your funds.

The strong consumerism trends in our fast-paced environment might damage young individuals who are not accustomed to handling their money. 



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