5 Adulting Tips I Wish Someone Would Have Told Me
Adulting is hard. They don’t teach you any of the real life stuff in high school that would actually help you when you’re out on your own. As I’m getting older, I’m learning that Algebra 2 and Chemistry really can’t be applied to knowing how many allowances to choose on your W-4 or whether to choose a 401K account or Roth IRA. Some of this adulting stuff was never even mentioned to me before. It’s almost like a whole new language! However, I’m here to tell you about some things you should really know to make adulting a little easier.
Tip #1 | Start a savings account
You’re probably thinking I have student loans, rent, cell phone bill, etc. , right? Well, I’m telling you to just put away even $10 per paycheck into a savings account. You will thank your future self! I personally have an Ally Savings account and love the 1.15% APR. It’s very hard to find any account with any higher interest rate than that. (I’m not getting paid to tell you any of this, just personal experience.)
Tip #2 | Contribute to a 401K or Roth IRA especially if your employer matches
If your employer matches your 401K and you don’t contribute, you would be flushing money down the toilet. For instance, say your salary is $50k and your employer matches at 5%. If you contribute at that full 5% and so does your employer, that’s roughly $2,500 of free money give or take with taxes. If your job does not offer a 401K, you can contribute to a Roth IRA. (Hint: IRA stands for Independent Retirement Account). Here is a great article that compares a 401K and Roth IRA.
Tip #3 | Put yourself first
Hate to break it to you but when you’re an adult, you don’t have someone to care for you 24/7. You have to make the conscience decision to love, nurture, and stand up for yourself. Don’t let others opinions sway your life decisions. Stop and take a moment to breathe!
Tip #4 | Get an education and be life learner
Knowledge is power! No one can ever take your education away from you. Whether it’s a formal degree or a course in communications, you can never go wrong. Put the time in for yourself and your future! I love learning and Coursera is a great option for quick and easy learning about various topics.
Tip #5 | Prepare for the future
As much as I think living in the current moment is important, you still need to plan ahead or you’ll never get what you want in life. Put reminders in your phone or calendar so you don’t miss paying a bill.