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The standard advice to twentysomethings looking to turn their finances around is to skip those $5 lattes at Starbucks and put that money in a bank somewhere
Adam Nash, the president and CEO of Wealthfront, isn't about to give up his well-known Starbucks habit, though. "To me, the $5 latte is secondary to the more important questions to take control of your finances? Do you have a budget? Are you spending less than you make? Are you saving enough to meet your goals?" Nash says. If the answer to those questions are all yes, then enjoy the latte. You've earned it."
As Nash's latte defense illustrates, there's no standard advice about personal finance except for the overarching one: Spend less than you make. Here are some tips on how to get there: Read more...
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