I lived it up in my younger years. Some of the money I "wasted" I would absolutely love you have back. It seems like the mistakes you make with your money in your twenties can haunt you much longer than the mistakes you make later on in life.
So who better to turn to for advice on the worst personal finance blunders you can make in your twenties than the Twenty Something Finance blog.
Mostly for me it boils down to things like, go ahead an buy a new car after you get that promotion but you don't need the $60,000 Lexus on a crappy lease deal. Go on vacation with your new wife but a reasonable hotel in Jamaica is a blast with the one you love, you don't need to "impress" your friends by spending $10k going to St Lucia.
It is all about learning to live within your means earlier instead of later. You don't want to ruin yoiur credit score and have to work for years to repair it. This infographic shows how quickly you can send your credit score down the crapper.
Subscribe to:
Post Comments (Atom)
Great article! I completely agree with you. Too much people spend money without thinking about the consequences. They do mindless spending for years and years. More people should read this article, especially the young careless ones! They will thank you for it.
ReplyDelete