Now that you’re starting to earn money and you’re progressing to a better life, you want something to show for it. You’re starting to look at investments and maybe you’re also considering buying a brand new car or getting a mortgage for a house. If your credit history permits, you can do those right away, but if you’re still trying to build credit, you’ll want to wait a few more years.
While waiting for the golden opportunity to go on serious adulting mode, here are five must-try pro
Online Shopping Platforms
Yes, you can buy everything from sheet masks to foundations from the nearest mall or drugstore. The price varies too, which means you can buy a product that fits your budget. But what’s even better when you’re just starting out your savings? Finding good deals. This is where online shopping platforms can help. You can see limited discounts and you can also compare different products within seconds. There might even be products that are not available anywhere else outside of the online shop. It’s like joining an exclusive club but instead of it being expensive, it’s less costly.
Budget Tracker
As a young adult, especially if you’re on your first job, you may be elated at the idea of earning more. You’re allowed to go out and have fun, to treat yourself to all kinds of experiences you couldn’t afford before, but do so within reason. It’s important to make note of your fun money so that you know when you’re reaching your limits. Experts suggest setting a budget of 50% for basic necessities, 20% for savings, and 30% for your fun money. You can also automate the transfer of your savings and fun money to your respective accounts through a budget tracker or bank app. With this, the schedule will be constant so even if you don’t remember to make the transfers, the app will do it for you.
Digital Payment Channels
Now might also be the time that you’re using your credit card to build credit or to pay for items you need at your job. All of these are justified uses of your credit card, as long as you are spending below your credit limit. You have to make sure you’re paying the monthly dues on time as well, to avoid hefty interests on your overdue balance. When it’s a hassle to go out, you’re too busy, or you’re simply not in the mood to go to your bank, digital payment channels will be your saving grace. They often post your payment within the day, so you won’t have to miss tight deadlines anymore.
Reminders
Your world is opening up as you enter the workforce. Your colleagues might invite you for drinks after work, or they might want to go on a weekend getaway to destress. Your social circle will definitely widen, and along with that, your time management skills will be tested. It’s easy to forget important dates or events when there’s a lot on your plate, which is why it’s important that you have a reminders app. You can go for a paid version that can remind you of certain tasks when you’re at a certain location, but a free app works just as well. With this, you can manage your social and professional calendar with ease.
You have places to go and people to meet now that you’re an employed young adult. Make wise choices financially. Most of the young adults just want to play games like Dragon City, Bike Racer, and other GTA and PUBG type games.