In my 20s, I used to think budgeting was restrictive, but now I realize it’s the foundation of financial freedom. When you track where your money goes, you’re in control of your finances, not the other way around.
Investing early? I wish I’d known the power of compounding sooner. Even small amounts can grow significantly over time, so don’t wait—start now!
Building an emergency fund is something I overlooked, but having 3-6 months of expenses saved can be a lifesaver when life throws you a curveball.
And let’s talk about debt—specifically, bad debt. I wish I’d understood the dangers of carrying a balance on credit cards. The interest adds up quickly, and it can drain your future wealth.
One more thing: learn to negotiate. Whether it’s your salary, rent, or bills, negotiating can save or earn you thousands over time. It’s a skill worth mastering.
Lastly, don’t forget to value experiences over things. The latest gadget might be tempting, but the joy from experiences and memories is far more valuable and lasting.
These are the lessons I wish I knew in my 20s. Take them to heart and set yourself up for financial success!
