The following is the third and final article in a series developed by the Financial Planning Association to provide members of a specific generation with a checklist of financial planning priorities appropriate to their age and circumstances. This checklist details financial planning priorities for Millennials. (Part 1 focused on Baby Boomer and Part 2 on members of Generation X.)
Buying a home. Getting married. Starting a family. Advancing a career. Paying down school loans and other debt. Saving for the future. And, of course, enjoying the here and now. These are just some of the priorities, milestones and responsibilities that members of the Millennial generation — the roughly 75 million Americans born between 1981 and 1997 — are confronting as 20- and 30-somethings.
The checklist that follows includes 12 steps that Certified Financial Planners™ recommend Millennials consider taking now to solidify their financial present and position them well for the future, whatever it holds.
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