Seven money goals for young adults

In your 20s or 30s? Here are seven money goals you should make and meet.

5. Track your spending

Melanie Stetson Freeman/The Christian Science Monitor/File
At China Central Square, an exclusive shopping mall, shoppers walk past the Chanel store in Beijing, China, on June 25, 2011. Tracking your spending and budgeting are two financial responsibilities that every young adult should take on.

Budgeting. It's not a word that many of us like to hear, but it's nonetheless a vital milestone in becoming a young adult. Tracking your spending and creating a budget plan will allow you to spend money based on your priorities instead of frivolously spending it on stuff that you don't really value.

A few of the responsibilities of being an adult include paying your bills on time and sticking to a budget. That's the only way you'll be able to reach all of your financial goals, like traveling, saving up for a big purchase, making a career transition, and putting away money for a comfortable retirement.

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