A new series! – Financial Planning

It’s time for a new series! It’s called, “Oh shit, you xx years old and you should be saving for xyz.”  No matter where you are in life, we all need some solid financial planning.  Are you a new grad? Are you a new parent to a fur-baby? Are you well established in your career with the 2.2 kids, a dog and drive a reliable and practical mini-van?  Whether you’re 24 and fresh out of college or 45 with two kiddos and a mortgage, your financial goals are going to be different. When you’re 20-something, what should you focus on? What about 30-something or 40-something?

Each week in our, “Oh shit, you xx years old and you should be saving for xyz” series we’re going to focus on an age group and break down the what and why of your financial goals. We’ll also have some handy worksheets for you to use. A sneak peak of what’s to come is below.

We’re going to launch this series with 20-somethings. Some of you may have gone to college. Some of you maybe didn’t and not sure what to do with your life. Maybe some of you have tremendous amount of student debt, while others may be flush with cash. Here are some financial goals we’ll be chatting about next week:

  1. Figure out your game plan to tackle your student loans
  2. Begin to build your credit
  3. Put 10% of your paycheck into savings
  4. Budget, budget, budget!
  5. Map out what financial goals make sense to you

The following week will focus on our people – the 30-somethings. Considered an adult and yet still trying to figure our shit out. Maybe some of us have kids. Maybe some of us have a great career and making some good coin. Maybe others are floundering and feel a little behind. Wherever you are, it’s still really important to care about your money. Here are money goals to think about before turning the big 4-0:

  1. Life is getting real. Start planning for major changes, such as buying a house, getting married and popping out babies. Or adopting a fur-baby. If you have someone, start having these conversations and make sure you’re on the same page.
  2. You should have six months’ worth of income in savings. This is a goal I am working towards.
  3. Work towards building a solid retirement savings.
  4. Make a will/estate planning, especially if you have accumulated some assets

After that week, we’ll chat about those in their 40’s. The biggest themes you’ll find are:

  1. For real, make retirement planning a top priority. You need your retirement income to outlast you and not the other way around.
  2. If you’re caring for your parents/family member, you need to find out what financial options are available
  3. Get that super-shitty credit card debt under control.

Throughout this series, we’ll highlight the necessity of planning, organizing and saving. Knowing what you need to work on will (hopefully) alleviate some stress and fear for the future.

If there is something we should focus on for a particular age group, let us know!



2 thoughts on “A new series! – Financial Planning

  1. I am looking forward to following your series. No matter how young or old you are there is always room for learning strategies that can help you be more in control of your money.


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