“In hindsight, there were small steps — nothing huge — that I think would have positively impacted my pockets”
Photo: FPG/Getty Images I graduated from college amid the recession. I remember calling to have my student loans consolidated and getting a recorded message that essentially said, “Try back later.” Although I came into adulthood during one of the greatest economic declines in the U.S. since the Great Depression of the 1930s, I realize there were still financial decisions that I could’ve made then, decisions that would have set me up for greater financial success in my 30s.
But it’s hard to see the bigger picture when you’re painting it. Everyone tells you that your 20s are a time to have fun and that it’s okay to be figuring things out, which it is. You’re dealing with post-grad blues, deciding on next steps, and for some of us, the pressure from family about landing the big job. However, I can’t imagine how much further along I would be if I spent a little more time thinking about how one decade sets you up for the next.
At 32, I’m working diligently to get ahold of the reins of my financial life. Working toward debt freedom, trying my hardest to figure out budgeting that’s actually effective, and looking at how to set myself up for long-term success. In the process, I can’t help but reflect on some of the things I would have done differently before. In hindsight, there were small steps — nothing huge — that I think would have positively impacted my pockets.
I had some guidance — but not a lot — and mistakes can be expensive. So, even if you don’t want to take your parents’ advice, consider taking mine.
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