7 Money Mistakes to Avoid in Your 20's

Photo by Christin Hume on Unsplash

When you’re in your 20s it’s really the first time when you’re figuring out your own personal finances.

For most, it’s when you’re entering the workforce, taking out student loans, or managing your credit cards.

However, it’s also when you’re identifying your own spending habits and learning how to budget.

Here are 7 money mistakes to avoid in your 20’s.

1. Spending more than you make

Since your spending habits really form in your 20s, it’s really important to learn how to live within your means.

When you start to learn to spend less, you become much more frugal and smart about where your money goes.

Since bills and responsibilities start piling up, you’ll feel much more empowered instead of feeling like you are deprived of everything that everyone else has.

2. Going into Credit Card Debt

Usually, you’re not earning very much when you start out, and the last thing we want to do is to start accumulating debt.

Unfortunately, many don’t know the responsibility and the consequences that are associated with taking out credit cards.

It’s really easy to sign up for a credit card and spend a bunch of money on that card, but it pays to…