25 Money Management Tips for Young People

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23. Automate Everything

A big key to success for new college graduates or simply young people looking to get a handle on their finances is to automate as much as possible with their financial life. Whether it is putting recurring bills on automatic pay so that one is never late (or takes a credit hit), or the total amount of money that you want to put into savings or invest every month, having the payments automatically made will help most people stay disciplined when it comes to their money. Automation is more effective when the money does not enter the checking account at all if possible.

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