5 financial goals you should achieve by age 30: by KristinStoller
Goal 2: Manage your debt
, made popular by personal finance expert Dave Ramsey. In this strategy, you list your debts in order of smallest to largest, then make minimum payments on all of your debts except the smallest. On the smallest debt, you pay as much as possible, until it’s paid off in full. Then, you’ll repeat the process with the next smallest debt.
While 66% of Millennials work for an employer that offers a retirement plan, only 55% of Millennials are eligible to participate in an employer’s plan, according to a report from theTake advantage of your employer’s plan—and the employer’s match—as soon as you are eligible. Your 70-year-old self will thank you. The sooner you start saving, the longer your money has to grow due to the power of compound interest.
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