Entering your 20s is one of the first times that most people have to start looking at their finances seriously. The adult world comes fast and when you get out of college or enter the workforce, it can be pretty hard to get a handle on everything you're supposed to be doing. With bills, student loans, and more, one of the last things people this age are thinking about is saving for retirement. After all, isn’t retirement a long ways away? Well, that all depends on when you’re planning on retiring and how much you’re able to stow away. In this blog, we’ll break down how you can start planning for retirement while you’re in your 20s, and suggest the best personal finance app to help you do it.

Start Saving Early

The earlier you can start saving for retirement the better. If you start putting away money in your 20s, you’ll be well on your way to retiring on time and maybe even early. A good rule of thumb is putting about 10% of your income away for retirement when you’re first starting out. Remembering to save isn’t always the easiest thing, but luckily the age of technology has plenty of apps out there to help you. Try one of the best personal finance apps out there, like Cleo, to help you remember to set a little aside.

Take Advantage of Employer Programs

If your employer offers a 401k, it’s a good idea to jump on that plan and start putting away at least how much your employer is willing to match. Since your employer is matching you up to a certain amount, you’re able to put away more than you’d be able to put away for yourself.

Use a Roth IRA

It’s also not a big deal if your employer doesn’t offer a 401k, as you can always open a Roth IRA instead. Roth IRAs are nice for those who don’t have a 401k, because when you take out the money, the money you’ve saved will be tax-free.

Utilize the Best Personal Finance App Out There

The easiest way to start saving money is by using the best personal finance app you can find. An app can offer helpful tips on ways to save, budgeting features, and much more. Download one today to see why it’s great for anyone trying to save money.

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