10 Financial Commandments for Your 20s

Thou shalt not be broke forever.

(Image credit: Getty Images)

Thou shalt not be broke forever. It just may feel that way when you're first starting out on the road to financial independence.

Managing your finances for the first time can be overwhelming—what with the daily expenses, big-ticket costs such as housing and health care, heavy debts and long-term goals, including your ridiculously distant retirement. But the sooner you start making a financial plan for yourself, the brighter your future will be. "Building habits, especially in your 20s, is so important for long-term success," says John Deyeso, a financial planner in New York City, who works with a lot of younger people.

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Stacy Rapacon
Online Editor, Kiplinger.com

Rapacon joined Kiplinger in October 2007 as a reporter with Kiplinger's Personal Finance magazine and became an online editor for Kiplinger.com in June 2010. She previously served as editor of the "Starting Out" column, focusing on personal finance advice for people in their twenties and thirties.

Before joining Kiplinger, Rapacon worked as a senior research associate at b2b publishing house Judy Diamond Associates. She holds a B.A. degree in English from the George Washington University.