Growing up, we can tell that we started earning income one way or the other when we were in our 20s and this was no doubt a problem until when we got to our late 30s then we realized that we already spent money on a lot of things in our 20s that we didn't take serious.
have you noticed that in your 20s, you wanted the best of all things. Okay, let me make it a little understandable, in your 20s, you want the finest of all things which had a normal or regular values. For instance, in your 20s, you wanted to follow the trend and buy the most expensive accessories, cloths and so on, neglecting the fact that both the regular and the luxury serve the same purpose just that one is more pleasant to the eyes to the other. This things take a lot of money from you and at the end, you are left with little or no money with you . You think when in your 30s that you should have gotten the cheaper things and use the remaining funds to invest instead so as to get revenues now.
Eating out is another activity that people in their 20s get involved in. When eating out in your 20s, you see it as a usual whereas it should be a process of spoiling yourself or a thing that is done when you are hungry and cut outside. The rich cook at their homes and only eat out on a very rare event but as usual, the young and unexperienced will continue to eat out just for convenience instead of saving money from cooking at home.
The upgrade frenzy is another thing that the young 20s are always part off. We want to buy the latest things and we can spend more money buying the new latest things, forgetting that the value of the product will reduce by over 20% after a year of production.
Your future start now in your 20s and the more financial literate you are, the better for the future of yourself and that your family. Your 20s determine a lot in your life.