Mastering Money In Your 20’s

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Managing money is a skill we all have to learn when we enter adulthood, and it can be more of a challenge to some than others. Learning how to manage your money in your 20s is a job which can feel like a huge chore, but it is a crucial part of growing up and becoming an adult. Here are some key things you need to learn about money when you grow up.


  1. How to budget

Budgeting is something no one ever wants to do, but it is essential if you are going to be able to save up for the future. You need to pace yourself and your finances during the week and make sure that you never spend everything at once. Take a look at your incomings and outgoings for the month. Your incoming values should always be bigger than outgoings, and you should always make a budget for your food shopping and spending throughout your working week. Be careful with how you spend your money and make sure that you can always out some way in your savings account. Even if you can only save $20 dollars a month it is better than nothing!

  1. Pay your debts

We all know that making a living and affording a home these days is hard. It can be difficult to get through the week without falling into the debt, but if you ever do fall into debt you need to pay it off as soon as possible. Debt creates a negative strike on your credit score, and as your credit score decreases it hinders your chance to get a mortgage or buy a car. If you do fall into a spiral of bad credit, you can help yourself by taking out a bad credit loan such as this:  and paying it off. This will increase your credit rating, allow you to claw your way back up to the surface and get in with your life.

  1. Save your paycheck

When payday comes around it can feel like the best day of the month, and a lot of us start racking up the spending right away to make the most of our money, but after a couple of days you have nothing left at all. Make sure that when you get paid the first thing you do is save a small sum into a separate account, budget for your essentials and then the rest is yours to do with as you please. Resisting the urge to spend right away can be hard, but it will be worth it.


  1. Cook

One of the biggest spendings you can have in life is spending money on meals out or on takeaways. If you constantly find yourself spending far too much money on food, you need to learn how to cook delicious meals for yourself. For example, here are some of the meals you can learn to cook during your 20s which will save you a ton of money: By cooking for yourself you will be able to create healthier, cheaper and more delicious meals.

2 Comments Add yours

  1. Such great tips/advice ❤


  2. LOVE THIS BLOG POST! Really wish I had read something like this when I was just turning 20 babe, 🌸✨

    With love, ALISHA VALERIE xoxo


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