Seven money goals for young adults

In your 20s or 30s? Here are seven money goals you should make and meet.

4. Start contributing to retirement

Christian Hartmann/Reuters/File
A retired couple take a stroll in Enghien-les-Bains, north of Paris, August 26, 2013. Don't wait until you're halfway through your career to start saving toward your retirement: start making some kind of contribution.

No matter how small your contributions are, you must start saving for retirement now! Time is the most precious investment tool on your side, so the sooner you start saving for the future, the more time you'll have to earn a decent return.

With the rise of robo advisors and other microsaving tools, you can start putting away as little as $20 per month in a Roth IRA or other investment account. The point is to open an account and start putting away something, and create a regular habit of saving money.

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Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

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