Be Cash-Happy By 30

‘Getting on top of your finances is as much about timing as it is saving,’ says Scott Pape (age 26!), author of The Barefoot Investor (John Wiley and Sons Ltd). To find out whether you’re headed in the right direction, read the comments below and tick the ones you agree with. If you tick two or less, follow Pape’s advice and you’ll be on track for financial freedom by the time you hit your thirties.

At 20 You Should Be:	• Continuing your education and/or starting work • Budgeting your income • Coping with day-to-day living expenses ‘I’m useless at sticking to a budget,’ says Pape, ‘but I get cash-control motivation by deciding what I really want in the future – and where l want to be in two or five years’ time. Right now, sort out where your cash is going (read your bank statements), and budget so you live on your income, avoiding debt. Do this and set up a high-interest account - if you start saving even £1 a day it’ll grow quicker than you think.’
At 25 You Should Be:
Then, At 30, You Could Be…

Author: Katy Massey