It’s easy to think that these money mistakes, well, sort themselves out, but Financial Literacy Educator Michelle House says these kinds of missteps in your 20s and 30s can follow you around for the rest of your life and affect your credit rating.
House has teamed up with Choosi to create the following infographic that shows the money mistakes we make throughout our life’s journey.
According to House, the single most important thing women in their 20s and 30s need to be aware of is their credit rating.
"If you’re late to pay your phone bill or your electricity bill it may affect your credit rating. Future proof your finances before starting a family. Start nurturing your credit rating so when it comes to buying a house the process is smooth sailing," she said.
House also says investing in property is the best thing a young, single woman can do to look after her financial future.
"That house can be turned into superannuation and used to fund your retirement. However, money doesn't always have to go into a superannuation fund. Talk to a property advisor or a financial advisor about how you can get into the property market to build wealth."