15 Money Mistakes Everyone Makes In Their 20s

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 an excellent way to build your credit, but that’s only if you’re responsible with that magic plastic card. 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! Other videos you might like: 10 Mistakes Lots of People Make When Buying a New Car    • 10 Mistakes Lots of People Make When ...   12 Things to Avoid If You Want to Become Rich    • 12 Things to Avoid If You Want to Bec...   8 Habits Poor People Do And Rich Don't    • 8 Habits Poor People Do And Rich Don't   TIMESTAMPS: Trying to keep up with the Joneses 0:25 Buying an expensive car 0:53 Over-spending on rent 1:32 Moving to the big city 2:07 Overspending on food 2:33 Diving head-first into credit cards 3:05 Not caring about your credit history 3:37 Not planning for retirement 4:19 Not taking student loans seriously 4:59 Ignoring insurance 5:51 Cutting financial corners in all the wrong ways 6:20 Avoiding calculated risks 7:08 Not discussing money issues with your significant other 7:40 Getting pets 8:23 Impatience 8:54 #money #moneymestakes #brightside Music by Epidemic Sound https://www.epidemicsound.com/ Subscribe to Bright Side : https://goo.gl/rQTJZz ---------------------------------------------------------------------------------------- Our Social Media: Facebook:   / brightside   Instagram:   / brightgram   5-Minute Crafts Youtube: https://www.goo.gl/8JVmuC Stock materials (photos, footages and other): https://www.depositphotos.com https://www.shutterstock.com https://www.eastnews.ru ---------------------------------------------------------------------------------------- For more videos and articles visit: http://www.brightside.me/ Learn more about your ad choices. Visit megaphone.fm/adchoices