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15 Money Mistakes You Need to Avoid in Your 20s

15 Money Mistakes You Need to Avoid in Your 20s

Hey guys! Have you ever heard about the golden financial rule? Don’t spend more than 30% of your income after taxes on rent. In fact, split your income 50-20-30. That means 50% goes to rent, food, and transportation altogether, 20% goes to savings, and 30% on what you enjoy. Or what about diving head-first into credit cards? Your parents might tell you it’s a good way to build your credit, but that’s only if you’re responsible with that magic plastic card. Ah... If I could go back in time and talk to myself at age 22! Not to sound like an “old guy dishing out all my wise advice to the youngin’s – heh heh”, but if you can still avoid some common money mistakes people make in their 20s, you’ll be doing yourself a big favor!


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