4. So… you’re finally earning your own money and you can’t wait to spend. You’ve had your eyes on a new phone or maybe a new outfit. However, you should start saving today. Aim for a rainy day fund with at least three to six months of living expenses. Trust us – no one sees a rainy day coming. You don’t want to go into debt because you had no savings set aside.
5. You should also make sure you have health insurance
. The theme here is pretty similar to the point before – you’ve got to be prepared for the bad as well as the good. No one ever expects to end up in the hospital but – if it happens to you – you don’t want the added stress of wondering how you’ll pay for treatment.
6. And, you should also start saving for retirement. We know, you may not retire until the year 2060. That seems like a million years away. However, a well-planned pension plan can provide you with a lifetime income stream after you retire. At Maritime, our Triflex Annuity Gold
is a flexible fund with tax-deductible contributions – that means that you will be able to get back some cash now as an incentive for saving for the future. So, it’s win-win!