For twenty-something men and women just out of college and starting along their careers, it can be all too easy to delight in the funds available from their first substantial salaries and let the chips fall where they may, but, especially during this economic climate, avoiding responsible money management may make it that much more difficult to avoid bankruptcy down the road should fortunes falter. While all work and no spending on luxuries may be too much to ask of young consumers, attention to fiscal practicalities and sound budgetary advice should nevertheless help borrowers of any age group or tax bracket shore up their savings, plan for the future, instill methods of debt relief, and ensure that the years to come won’t be fraught with anxiety.

• Financial Planning Assistance

Over the past few centuries, Americans were essentially expected to be mature heads of household by the time they reached the age of thirty. However, as we know, the reality nowadays has meant that we’ve extended the carefree joys of childhood ever longer. To a certain degree, as a direct result of the previous decades of enormous United States economic expansion and the comparative advancements in standards of living, we should acknowledge how fortunate the current generation may be, but this is hardly a guarantee of ever lasting prosperity. Given the incomplete (to say the least) monetary training most of us have received from scholastic and parental authorities, there’s no shame in calling upon the sage wisdom of learned and experienced financial planners to help guide you through debt relief and investment portfolios independent of your accounts’ status.

• Credit Card Debt Relief

Most consumers in their twenties are so focused upon satisfying the burdens of their student loans – which, considering the ever more expensive costs of tuition for college or university, could well take years to wholly remunerate – that they don’t pay nearly enough attention to what might happen from letting credit card debt balances climb through the roof. While it’s all well and good to concentrate efforts on diminishing the student loan totals toward reasonable figures, you have to recognize at the same time just how destructive compound interest can become when ignored through the years. Try speaking with a Consumer Credit Counseling office or debt settlement negotiation agency to see if a separate debt relief solution could be utilized.

• Residential Investments

The well publicized equity loan debt relief troubles that have shaken the mortgage industry and tripled the rate of foreclosures from only seven years ago led many young Americans to mistakenly believe that they’d be financially better off by simply taking out apartments for the foreseeable future. To be sure, we would agree that all potential home owners strongly think over whether or not they could afford the payments before they sign up for financing, but the benefits of purchasing rather than renting could easily end up topping six figures.

• Your Golden Years

Although retirement might well be the last thing on a young professional’s mind – most of Generation Y, even those men and women in their late twenties firmly entrenched within their careers, report fantasies drifting between Chief Executive Officer and bohemian artist living off the grid – we’re all bound to age, and, the earlier you start planning for your dotage, the more comfortable your waning years will be.

Author's Bio: 

Cole Collins is a freelance writer in the field of personal finance with a concentration in consumer debt relief. For Help with debt please visit