4 Mistakes To Avoid In Your 20s
As the year is coming to an end, we start to reflect on who we are and what we want. We start to think about the future and how we are getting to our year end goals. Whether that is asking your boss for a raise or starting to contribute a bit more to your savings, it all counts. If you are anything like me, you sometimes push yourself too hard and get a bit overwhelmed.
Remember you are only in your 20s and you are supposed to make mistakes but here are a few you should avoid:
FORGETTING ABOUT YOUR SAVINGS
When you are getting paid nothing it is very hard to save anything. You should be or about to start transitioning out of your entry-level position, which means more money. Open up another bank account or throw some singles under your mattress. Every bit counts.
I am new to this. Instead of going crazy on your lunches, budget for the week so you can splurge on the weekend. Budget about $100 in the week, you will really see how long it can stretch.
BUYING THINGS YOU HAVE NO REASON BUYING
You do not need half the things you buy, but you want them. It's okay to award yourself every now and then, but do not get comfortable doing this. Try saying no to yourself, your bank account will thank you.
PUTTING TOO MUCH ENERGY ON MONEY
I know we are taught that money is everything, but it's not. Yes we need it, but money is not worth your sanity or your relationships. When it comes to work experience is needed, so take that $45K a year job for as long as you can. When it comes to personal things, money comes and goes. You can not take money with you when you die. Budget and be happy, you are only 25 once!