Not all 20-somethings are great when it comes to money.
There’s so much conflicting advice and research out there; everyone has a different opinion on how you should save, invest, and spend. It’s enough to give you a coffee liqueur-inspired headache.
So, to cut through all the nonsense, I’ve made a list of the top mistakes I see millennials making with their money, and how to avoid them. You. Are. Welcome.
Side note – watch this video below if you’re thinking about asking for a pay rise. Post continues after video.
1. Not investing for the future early enough.
Before you slip off into a boredom coma, hear me out.
It doesn’t matter if you’re not earning a high income or are saving for other big goals right now. Investing early is one of the key steps to financial security. Thinking long-term and looking into the benefits of compound interest might just help you retire early down the track.