Many individuals, who are new to the working life, have similar reasons not to save. We are not taught saving as a habit at school, and it may not be all too stressed upon by our parents. So why should you save in your 20s?
Sharvaani SSharvaani is part of the Scripbox Team. A "thinking artist", Sharvaani indulges in a host of hobbies, right from singing to writing. She recently added personal finance to the list.
You may ask yourself this, soon after you get married, or engaged. It is natural to think about this, as marriage more often than not, is viewed as a life stage, after which, your life can change drastically. So once you are financially secure, why should you really bother about saving and investing your money?
There are many who believe retirement is a distant reality, planning for which can be pushed to much later. What this usually means is that in your 20s you feel you are too young to plan for their retirement, while people in their 40s feel that they are too late! However, once you understand that eventually, you will have to think about retirement, here’s what you can do: