Are you twenty-something who feels
overwhelmed by your personal finances?
You're not alone. When you're just
starting out and learning to manage your money, there's a lot to learn and many
milestones to work toward. How do you know what to prioritize? What should you accomplish first?
Use this as your guide to goals. Gaining these achievements will put you in a great position for financial success throughout the rest of your life. If you're in your 20s, start working now to accomplish these six money goals.

1. Aim for a Positive Net Worth
Many people are graduating from college and starting life with a negative net worth. Between consumer debts and the heavy burden of student loans, Gen Y needs to repay a lot of borrowed money.
If you have credit card debt or student
loan debt, create a repayment plan. You
can use free tools like ReadyForZero to
help you. Aim to pay off your highest-
interest rate date first; that's the one
costing you the most money each month.

By paying off debt you'll increase your networth. (Here's how to calculate your net worth if you're not sure).
The other way to move your net worth
toward a positive number is by increasing your assets. I recommend you do this in two ways: save money for emergencies
and invest money for your future.

2. Have an "Oh Shit!" Fund of at Least
$1,000 Life happens, which is why you need emergency savings. Or as my friend likes to call it, her "Oh shit!" fund. This is the
account she dips into whenever
something unexpected causes her to use the above phrase. This is a cash savings reserve that you set aside to handle unexpected expenses and financial emergencies -- without busting your
budget that month or putting yourself
into debt to cover costs.
Start by saving $1,000. This will cover a car repair, doctor's bill, vet bill, etc. Then work towards three to six months of your net pay. Set up an automatic contribution to your savings so that you don't clean out your savings completely if you have to dip into it.

Source-- www.dailyfinance.com/2014/09/30/6-money-goals-you-should-conquer-in-your-20s/

3. Get Your Full Company Match
Think you're too young to save for
retirement? You're never too young to
think about securing financial stability for your future. Take advantage of any
employer-sponsored accounts you have access to, like a 401(k), 403(b) or SIMPLE IRA. Contribute at least enough to secure the employer match if it's offered. Thatmeans if your employer will match 50 percent of the first 6 percent, you better be contributing 6 percent so that you get that 3 percent from your employer.

There aren't a lot of legitimate
opportunities in life to get free money,
and a company retirement plan match is one of them -- don't pass it up. You can't go back and get your match later on, so take advantage of it every year it's available to you.

4. Max Out Your Roth IRA
But don't stop there: you can open your own Roth IRA, too. Individual retirement accounts come in traditional or Roth versions. You can contribute up to $5,500 in 2014 if you're under 50. This breaks down to about $458 per month. Don't worry if that seems like too much to put away. Save what you can -- even if it's just $50 or $100 per month -- and harness the power of compound growth while you're young.

5. Establish a Side Hustle
Even if you're working full time, you probably have a few extra hours in your week when you could be earning a little more money.Think of how much faster you could get out debt or build your savings by earning an extra $500 or $1,000 a month through a lucrative side hustle.

There's only so much you can trim your budget or slash your expenses, so
sometimes it really is about earning more money. Often, a side hustle can turn into a full-time career that you love. My fellow financial blogger Kali Hawlk transitioned from a day job to being a full-time
freelancer in just a year .

6. Protect Yourself and Your Stuff
No one enjoys thinking about worst-casescenarios -- but part of being responsible with your finances is looking into what kind of insurance is appropriate for your situation, and protecting your family and your assets should anything happen to you.

If anyone relies on you financially, you need life insurance for those dependents. (I highly recommend that millennials getterm life insurance coverage, not whole life .)
Also, make sure you sign up for
disability insurance through your
employer to protect yourself in case you can no longer work. If you own home, insuring it is essentially mandatory, but if you rent, you should protect yourself and your stuff with renter's insurance. (it's cheap, too.)

You should also look into estate planning, even if you don't think you have enough assets to warrant it. You likely have more than you think. And if you were to pass away without a will, everything would be settled in probate by a judge who will have no way to know for sure what you'd really want. If you want to have some say in what happens to what you leave
behind, spend a few hours with a lawyeror some will-writing software, and make your wishes clear.

annoymous:
These are all so true but not all of them are relevant to nigerian youths.

for anyone interested in investing, you should read "The intelligent investor" by Graham