A long-term goal can be retirement and traveling.Managing money as a young adult can be the most important in terms of your financial situation. A short-term goal may be a new car, a vacation or a television. If a 25-year-old who invests $2,000 a year at a 6 percent compound interest annually for fifteen years and never invests another dollar, after the age of 40, the 25-year-old will earn more by the age of 65 than a 35-year-old who invests $2,000 a year at 6 percent compound interest annually for 30 years, even though the 35-year-old would have invested twice as long.Last but not least, it is important to identify a short, medium and long-term goal for yourself. Learn to pay yourself first!According to CNN Money, college [...] Pete Glocker is employed in the Education and Charitable Services Department at Debt Management Credit Counseling Corp. You are a Recent College Graduate, Have a Job and Now What? The earlier you invest the better. Saving money is not always the case when moving home. find out what kinds of retirement plans are available. Stick with your career, and the money will eventually come.When you get hired for your first job in the ?real world,? If you start with a higher paid job in a different career, you might lose interest quickly and have little room for advancement.
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