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until you are older may cost you much more and you may lose out on benefits that long term investment in pensions and insurance gives you. Even if you cannot think as far as retirement, the small amount put aside means that you don't have to think about it any more. It's dealt with and that really is important. As for insurances, these can be a safe way to put money somewhere you cannot touch it until maturity of the policy, and in effect, even if you choose to use it for holidays in the future, you will have saved money long term.

MAKING THE MOST OF CREDIT CARDS

Did you know that credit cards used properly can gain you time ? Most give around 30 days of interest free credit if used correctly. The idea is that you make your purchases with the card and settle at the end of each month so that there is no balance remaining. The credit card companies want you to pay over a period of time but it's a trap. Once you are in it, it is very hard to get out of it, and why they want you to do this is so you are hooked to paying them a set amount each month and your balance doesn't always diminish. If you leave a balance every month, what happens is that eventually by sticking to the minimum payment and continuing to use the card, you end up paying nothing off your debt, and every payment you make is interest.

If you get stuck in a rut, you can negotiate a different lower interest rate with credit card companies to whom you owe money. They are much more flexible than you think when you tell them that you will transfer your balance elsewhere if they don't.

GETTING CAPITAL BEHIND YOU

Property is a great investment. Not only are you providing a roof over your head, but you are building credit history and equity as the value of the home increases and with pay rises through the years and mortgage rates that are fixed, the payments become very easy to meet meaning that long term your investment really is safe. When choosing your first home, take guidance from experts and ensure that a thorough survey is carried out to the property to establish that it's stable and that there are no hidden repairs hiding around the corner waiting for your money to put them right.

In your twenties, life is fun. It's a time when your energy levels are high but by putting just a little of that energy into financial planning your future is looked after and the planning and placement of investment, insurances and savings become a habit at a very young age, setting you and your loved ones up with security for life.

Learn more about this author, Rachelle de Bretagne.
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