Life’s expenses, both big and little, add up fast. Fail to properly prepare, and they can swamp you quickly.
That is especially true for younger people. Many carry student loans, and the modest salaries they earn early in their careers can make it difficult to keep their bank accounts afloat.
Despite such challenging circumstances, the right plan can still turn the financial dreams of younger savers into reality.
“Financial goals are fairly easy to attain with regular automated saving and aversion to debt,” says Christopher Van Slyke, founder of WorthPointe in Austin, Texas.
Following are 6 financial goals that most young people have at one time or another — and tips from financial planners for achieving them.