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Financial Freedom at 25

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Financial Freedom at 25

Posted On: March 15, 2024 by Iowa State Bank in: General

Seven Steps for Building a Strong Financial Foundation at an Early Age: Creating a solid financial plan is crucial to achieving one’s financial goals. It’s advantageous to start planning early to increase the likelihood of reaching those accomplishments. The choices young people make today will lay the foundation for the wealth and security they will enjoy tomorrow. But for people under the age of 25, it’s difficult to know where to start. Below is a list of seven steps young people should take as they embark on their own personal financial journey. • Write down your goals — It’s difficult to reach a destination if you don’t know where you want to go. Documenting realistic, achievable goals — both short-term and long-term — is the first step to creating a plan that will set you on a path to success.  • Create a budget — Next, determine where your money is going right now. Write down your fixed monthly expenses

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