Budgeting as a young adult.

Making the transformation from teenager to young adult can be challenging. There are an immense amount of topics that teenagers are not taught enough about.

Not only are they under-educated on all sorts of subject matters, but they are also expected to come into the real world with a good understanding of it all! Learning to manage their finances independently is often the most difficult transformation. Luckily, with knowledge and effort, the task of being financially responsible will come with time.


There are many different techniques that young adults can implement into their daily lives to learn the importance of financial responsibility. Budgeting is arguably the most vital technique to apply!


Budgeting is a commonly used method for saving money that is often not explained to those who could benefit from it most! Writing out weekly or monthly monetary boundaries and standing firm in those goals is incredibly important for young adults! With a fixed monthly income, it is necessary to designate specific percentages for every category of importance. These categories may include but are not limited to transportation, food, insurance, personal spending, and savings!

Whether saving up to buy a new vehicle or move off to college, young adults must recognize what areas of their budgets are most important to them. Creating a personal budget requires much critical thinking surrounding personal values and goals, but will prove to be worth it in the future if done well! For example, some may not have many expenses and yearn to prioritize the savings portion of their budget. This person may allocate 40% of their income to savings, while those with more costs may only have room to put 10% of their budget into savings.

The best part about creating a personal budget is that every category and percentage breakup is entirely up to you! You may shift and shape your budget over time to make a budget that is beneficial to you and your lifestyle. Always be sure to start your budget with the categories you prioritize most; this allows every other category to fall into place where it seems fit!

Arguably, one of the most critical parts of saving money as a young adult is creating a personal savings account. These accounts are helpful in that you can access them around the clock from the convenience of your own smartphone! Checking your financial situation at any time of the day allows young adults to keep their monetary priorities straight.

Budgeting is an efficient way to monitor personal finances, but with that being said, it is essential to keep up with progress and success. A physical, paper budgeting planner is helpful for tracking your daily monetary improvement right in front of you! Success is fed by effort and tracking progress. If you can look at your financial situation and notice a difference, you are doing something right!

For more helpful tricks on budgeting mindfully, visit us at one of our branches, or reach out over the phone! The Kelly Community family cares about your finances and is eager to help you achieve your goals!

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