MSN Money has a really nice personal finance section for those in their 20s. I agree that the 20s are some of the most important years of life because the decisions made during that time really impact the future. For instance, if a person chooses NOT to save for retirement during their 20s, they lose out on some critical compounding years, which makes it all the more difficult to save for retirement later in life. Take a look at the numbers for yourself with this calculator I created:
As you can see from this calculator, waiting just 10 years to start saving for retirement means that you have to save more than double your original amount. That’s something to think about.