SINGLE

• The major goal as the individual enters the workforce full-time is financial stability.  More and more, the rates charged for auto insurance are tied to the individual’s credit score.  As such, it becomes critical to manage any debt you incur properly.  The better you manage this factor, the better footing you will establish for your future.

• At this stage it’s still more common to rent a home or apartment, although home ownership is becoming a goal.  It’s important to consider renter’s insurance to protect the assets you begin to accumulate at this stage.  Rarely can an individual afford the financial setback associated with an uninsured total loss. 

• Now a part of the workforce, the hope is the individual will qualify for a company sponsored health plan.  If such a plan is not available, or the individual does not yet qualify, affordable major medical plans do exist.  There are transitional plans available to help the individual as they move into the workforce.  Also, the individual should begin to look into life insurance.  While they may not have any dependents to look out for, life insurance is much cheaper the younger you are, and now may be the most affordable time to start a plan.