Most of us don’t move through life in pre-determined stages, but there are still some generalizations we can make about money and age. These ideas for what to do with your money in your 20s, 30s, and 40s come from my new book, Generation Earn: The Young Professional’s Guide to Spending, Investing, and Giving Back, which was just published by Ten Speed Press.
In your 20′s:
Invest in your career. Your career is the one place where it makes sense to splurge. This might mean investing in the services of a career coach, or taking a leadership development class. It could mean something as seemingly superficial as working with a personal shopper to make sure your wardrobe helps you look and feel good at work. Or perhaps purchasing some guide books about your chosen field. Investing in your career now, when you have time, can pay off hugely later.