Financial planning advice for Gen-Y'ers - KMSP-TV

Financial planning advice for Gen-Y'ers

Posted: Updated:

Trying to manage finances in your 20's and 30's is tough. Sophia Bera, Financial Planner and founder of Gen-Y Planning.

"So many planners are working with baby boomer and beyond so I wanted to offer a service that was geared toward a demographic that would help me and my friends," said Bera. "There were not a lot of planners out there who worked with young people."

While most adults in their 20's and 30's are in learning mode, saving isn't always a fun thing to do. Bera says it is important to look at where you tend to spend too much.

"It is important to take a look at your spending and track it and cut back in areas so you can use that money to match goals," Bera said.

Student loan debt is also a big part of the financial focus of generation y.

Tips:

  • Tackle private loans first.
  • Pay off those with highest interest rate.
  • Get on right payment plan.

For more information from Sophia her website is genyplanning.com.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Urban Outfitters blasted over Kent State sweatshirt with 'blood splatters'

    Urban Outfitters blasted over Kent State sweatshirt with 'blood splatters'

    Monday, September 15 2014 12:28 PM EDT2014-09-15 16:28:48 GMT
    Clothing retailer Urban Outfitters is receiving harsh criticism for selling a sweatshirt with a splatter pattern resembling blood over the logo of a university where a famous school shooting took place.
    Clothing retailer Urban Outfitters is receiving harsh criticism for selling a sweatshirt with a splatter pattern resembling blood over the logo of a university where a famous school shooting took place.
  • St. Louis Park marathoner dies after finishing last mile in Boston

    St. Louis Park marathoner dies after finishing last mile in Boston

    Sunday, September 14 2014 11:19 PM EDT2014-09-15 03:19:22 GMT
    Elinor Scott didn't let her cancer diagnosis keep her away from the Boston Marathon, but the bombs at the finish line stopped her at the 25th mile. In April, she went back to cross the finish line. On Friday, she passed on.
    Elinor Scott didn't let her cancer diagnosis keep her away from the Boston Marathon, but the bombs at the finish line stopped her at the 25th mile. In April, she went back to cross the finish line. On Friday, she passed on.
  • Adrian Peterson: 'I am, without a doubt, not a child abuser'

    Adrian Peterson: 'I am, without a doubt, not a child abuser'

    Monday, September 15 2014 4:48 PM EDT2014-09-15 20:48:37 GMT
    Minnesota Vikings running back Adrian Peterson released a long statement Monday, punctuated by the following message: "I am not a perfect son. I am not a perfect husband. I am not a perfect parent, but I am, without a doubt, not a child abuser."
    Minnesota Vikings running back Adrian Peterson released a long statement Monday, punctuated by the following message: "I am not a perfect son. I am not a perfect husband. I am not a perfect parent, but I am, without a doubt, not a child abuser."
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices