As you begin thinking of long-term professional goals, make sure you have already made a strategy set that is right for your immediate situation. In particular that includes taking care of any private or government, but one key to a financially secure future is to address debt before life gets even more frustrating. You don’t want your past debt looming over your head when you’re planning a family or putting a down payment on your first home.
Beyond paying off your student loan debt, it’s necessary to start putting aside an emergency savings fund. At some point in the future, you could have unexpected expenses. Things like medical bills and major home repairs happen; when they do happen, be pleased that you set something aside to cover it.
What are your future goals?
Most millenials don't already have their entire lives figured out, it's not unlikely that you've got a feel for your biggest interests and priorities. If you plan to travel the world before you have any serious adult responsibilities, your saving tendencies will look a lot different than those of a person whose goal is to retire early. Visualizing your professional goals will help a person identify how much he/she needs to put away every week. Some Experts have even advised young people to save up to 1/3 of their paychecks, while others say that putting aside at minimum 10 percent is a good way to get into the habit of saving. Whatever amount you decide fits into your budget, be sure to put away money for whatever your ultimate financial goals are (from retiring early, to buying a car, to paying off debt) on a monthly basis so that none of your goals are overlooked.
The benefit of early saving habits is that you won’t start getting used to a type of living that becomes too expensive. It’s always far easier to start modest and work toward a more extravagant life than it is to stop using what you used to love.