Title: 7 Smart Money Moves to Make in Your 20s | Ellevest
Headings: 7 Smart Money Moves to Make in Your 20s
Magazine
7 Smart Money Moves to Make in Your 20s
By Ellevest Team
1. Figure out your financial flow
2. Get that employer match
3. Pay off high-interest debt
4. Save for emergencies
5. Get renters insurance
6. Get disability insurance
7. Get started investing
Retirement
Other goals
Ellevest Team

Content: Some expensive belongings, like jewelry and high-end electronics, might need to be listed specifically on your policy (aka “scheduled”) in order to be covered. And ahem, this is for renters … if you’re a 20something homeowner, you’ll need homeowners insurance instead. 6. Get disability insurance
The Social Security Administration says that 25% of 20-year-olds will become disabled for some period of time before they retire. Yep, you read that right. Your #1 most valuable asset — especially when you’re just starting out in your career, with many more years of life and work ahead of you — is your earning power. If something happens to keep you from working, disability insurance replaces at least part of your income. There are two types of disability insurance: short-term and long-term. Short-term insurance lasts a few months to a year and usually pays more.