Level Up in Your 20s (Money Moves To Avoid)

Level Up in Your 20s (Money Moves To Avoid)

July 26, 2022

Reach your financial goals faster, don’t make these financial mistakes in your twenties. Managing your money correctly early in life can be a difficult task. This is when most people start developing money habits, so learning good habits in your twenties dramatically increases your ability to become financially stable. Don’t make these mistakes and reach your financial goals sooner rather than later. 

1. Not learning to budget.

As you transition from high school to young adulthood you may not be used to having to keep a monthly budget in mind. You are likely used to your parents supplying housing, food, and utilities. Now as a young adult this will likely be your responsibility and creating a budget may help keep you on track. 

2. Opening credit cards.

You may be tempted to open multiple credit cards as you may feel that they can help you pay for your expenses. But if you do not have the means to pay them off at the end of each month they will not help you in the long run and may hurt your credit score and potentially put you in debt. 

3. Not prioritizing saving money.

At the end of the month if you have money left over you should consider putting some or all of it away in an emergency fund and/or savings account. You never know when an emergency will pop up and having extra money to pull from can really help. 

4. Avoiding your debts.

Being aware of your outstanding debts, this could be from student loans or credit card debt, is very important. The interest will keep building making your overall balance higher with each month. Don’t avoid it instead, come up with a plan to start paying them off. 

5. Not contributing to a retirement plan.

If you work for a company that offers a retirement plan this may be a great opportunity to start building your retirement fund. If there is no retirement plan offered, you can consider opening an IRA account. 


Transitioning into your 20s can be a huge adjustment and it is likely that there will be some financial bumps in the road. Things to consider are learning to budget, keeping an eye on your credit cards, saving money, not avoiding your debts, and contributing to a retirement plan. 

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