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Jameson Van Houten knows that it can be stressful to start thinking about retirement and how much money you will need saved up for this important time in your life. People need to start saving money as early as they can to ensure that they will have a nice and comfortable retirement ahead of them. One way to make sure that this happens is to put a plan in place when you are in your early 20s. The best way to do this is by focusing on your debt before thinking about retirement or other accounts.

Many young adults in their 20s have likely graduated from college and may have a pile of debt that they have collected by taking out different loans from the bank. This can be stressful to think about paying back all your loans, as well as worrying about saving for retirement that won’t happen for another several decades. However, the ideal way to tackle this situation is to approach it one step at a time.

Instead of trying to focus on getting rid of your debt and saving a good portion of money at the same time, Jameson Van Houten recommends that people focus on paying back all the debt first. Once you get this out of the way, you will have more money to invest into retirement and into other savings accounts as well. If you are focused on too many expenses and savings accounts all at once, it can be overwhelming and may not be beneficial at all.