10 Essential Life Skills for 20-Somethings
The life lessons that you learn in your 20s should help make you an independent person. Some are financial and some are practical. Your financial accomplishments will help you survive in emergencies, make your older years more comfortable, and build a foundation for good lifelong money-management habits. Similarly, learning a few basic household skills will give you bragging rights and save you a bundle because you won't need to call in a pro.
Sure, a landlord is obligated to fix your apartment in the event of weather damage or fire, but don't expect help replacing your possessions. That's why you need renter's insurance, even if your lease doesn't require it. Tally up what it would cost to buy new everything -- dishes and furniture, sheets and towels, computer and other electronics; the total might shock you. If you're a typical apartment renter, insurance probably won't cost more than $200 a year, and sometimes can be bundled with your auto insurance.