Bank Account Beware: 5 Expenses in Your 20s that Could Break Your Bank
5 Common Purchases that Harm the Financial future of 20 Somethings
Ah, your 20s — a decade of newfound freedom, exciting adventures, and… financial pitfalls lurking at every corner. Maybe you just got out of college. It’s a time when you’re finally making your own money, and the temptation to indulge can be irresistible. But before you swipe that card or click “add to cart,” let’s talk about the sneaky splurges that could quietly drain your wallet. From overpriced coffees to that gym membership you hardly use, there are many pitfalls many 20 somethings fall for.
In my experience, your 20s can make or break your financial future. Many people immediately buy the most expensive things, and others delay gratification so that they can begin investing.
Anything you spend just $19/week on adds up to over $1,000 a year. Even as little as $100 a month can make a huge difference if invested in your 20s. Let’s take a look at 5 common things we tend to overspend on.
Overspending On Rent or Housing
For many people, rent is their biggest expense. The average American should about 30% or less of their income on rent according to Nerdwallet. While it may be tempting to…
