Foundation stage: 20s

Start your financial journey

Managing your finances in your 20s isn’t always a priority even though you may be taking on your own financial responsibilities for the first time; it's good to start with the basics.

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This is your life

You’re likely to build your career and become financially independent from your parents during this time. When it comes to financial planning and where to invest your money in your 20s, while there may be fun things you want to spend money on, it’s also a good time to start saving for a house deposit.

Lifestyle needs

For many young adults just starting their careers, money can be tight. Expenses and purchases can significantly eat into a budget, making long-term savings or retirement goals low on the financial list of priorities.

First-time buyer

You may find yourself squeezed out of the property market due to soaring house prices and deposits. It’s important to start saving for a deposit as soon as possible if you want to get your foot on the property ladder.

Career choices

Even though you may not know every possible turn your career may take you, the choices you make in your 20s can have a lasting impact on your future finances. So it’s crucial you make the right decisions about your job.

Financial independence

Student loans and high rents have forced many in their 20s to move back home with their parents. Financial planning in your 20s is a smart move, giving you time to plan your way to achieving financial independence.

Latest insights

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It’s good to talk
By Rob Morgan
Spokesperson & Chief Analyst
30 Nov 2021 | 4 min read
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The importance of retirement planning
By Lisa Caplin
Foundation Financial Planning Director, Charles Stanley
25 Nov 2021 | 4 min read
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US inflation at 30-year high
By Garry White
Senior Editor
12 Nov 2021 | 9 min read
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Planning for the future
By James Hoare
Financial Planner
09 Nov 2021 | 6 min read

What can you do now?

Smart ways to invest money in your 20s include using your tax allowances to invest in tax-efficient vehicles like ISAs.

Account options

Stocks & Shares ISA

Make your savings work harder with our flexible ISA. Shelter up to £20,000 per tax year.

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Get a better understanding of your current situation and the options available to you, take advantage of a free one hour consultation with an expert local to you.

0207 739 8200 (Open Mon-Fri, 9am-5pm)

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