Outline for young savers and investors

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The following outline is provided as an overview of and topical guide for young savers and investors.

Young savers and investors (or beginning savers and investors) generally are beginning their financial journey are focused on the basics of establishing themselves and planning their future. This article is intended to help a reader learn about a subject quickly, by showing what topics it includes, and how those topics are related to each other.

The financial life cyle

Young savers and investors are at the first stage of the financial life cycle, within the early accumulation phase.

Life-stages.png

Banking, budgeting and emergency fund

Credit and managing debt

Work-related financial choices

Housing-related choices

Insurance

Starting to invest

What's next?

At some point, spouses and children may enter the equation and bring other financial considerations into the mix, including life insurance and perhaps Registered Education Savings Plans (RESPs).

See also

References


Further reading

  • Bernstein, William (2014). "If You Can: How Millennials Can Get Rich Slowly" (eBook)., a short, inexpensive e-booklet aimed at getting twenty-somethings with their first 401(k) started on the path to retirement saving and investing. Can easily be applied to Canadian millennials.
  • Financial Wisdom Forum topic: "Financial Plan for a Young Investor (and a thank you)"

External links