Financial Tips Money moves for single ladies in their 20's

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As a young single lady in your 20's, it is very important to good financial decisions which will prepare you for your future.

Money moves for single ladies in their 20's play

Money moves for single ladies in their 20's


It is advisable for single women to start making money moves in their 20's.

As a young single lady in your 20's, it is very important to good financial decisions which will prepare you for your future.

Here are money moves singles ladies should make in their 20's

1. Focus on your career

The best time to focus on your career as a lady is in your 20's. It might take a while to go up the career ladder which is why you need to place your main focus on your career.

play Ladies should focus on their career (Dailyherald)


Define your career path and have a clear-cut career goal you want to achieve. This could mean taking professional courses, gaining career experience by changing companies within a time frame.

2. Create a financial plan

Your financial plans are the things you want to achieve financially. Draw out a financial plan you think you can reach.

play Create a financial plan (Thebalance)


Where do you want to see yourself in the future financially and how can you achieve it within that period. Then you can break it down to monthly and yearly steps.

Your financial plan should include short-term and long-term financial goals you want to achieve, also including a retirement plan into your financial plans. 

3. Get serious with savings

Having a savings is very important which is why you need to take your savings seriously.

play Get serious with savings (Ebony)


Set aside money every month you which you should put into your savings and watch your money grow. You don't know when your savings might come in handy. 

4. Start budgeting

You might think since you pay your bills regularly, you have it all sorted out and you don't have to worry about budgeting. Budgeting is one of the best ways to manage your finance.

Having a budget help you find areas where you can cut costs of things and where you can save more money from.

ALSO READ: 5 budget mistakes you should avoid

5. Have an emergency fund

As you have savings, it is also important you have an emergency fund. Emergency funds help to cover unplanned and unexpected expenses which might affect your income.

Out of your income, take a substantial amount of it every month and put it into your emergency savings.

ALSO READ: Money talk before marriage

6. Beware of debt

Debt can have a negative impact on your finances which you should avoid.

play Beware of debt (Business2community)


Debt has a way of leaving you in the same financial position which can make it difficult to achieve nothing. If you have debts to pay, pay them up and stay away from it. Paying debt will also free up areas of your income which you can put into savings.

7. Plan your retirement

As a lady, you are not too young to start thinking about retiring early. The earlier you start planning and saving towards your retirement, the more chance you have to retire early.

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