These are the 5 biggest money mistakes to avoid in your 20's, all based on my personal life.
By sharing these financial mistakes, my goal is to help you learn from them to improve your personal finance and to see the money traps to avoid in your 20's.

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1. One of my top money mistakes in my 20's is to think THAT I AM BROKE BECAUSE I HAVE A LOW INCOME.
This was wrong because even when I had a higher income, I still struggled financially, relied on debt, and lived paycheck to paycheck.
You should avoid this money mistake because, IF YOU CAN'T MANAGE A LOW INCOME, YOU WILL NEVER KNOW HOW TO MANAGE A HIGH INCOME.
2. Not making the difference between NEEDS and WANTS
This is also one of the worst money mistakes to avoid in your 20's. Unless you learn to prioritize your needs over your wants, you will never be able to improve your finances, ending up always in debt. Make sure to get rid of this financial mistake so that you can be successful in personal finance.
3. Impulsive buying
Between these 5 money mistakes to avoid, this one is the worst financial mistake you can commit. I struggled for years with impulsive buying, because of it, I've made so many financial money mistakes in my 20's that I can't even count, this is why I am proud to say that I don't buy anything anymore impulsively. The worst money mistakes will make you stronger if you learn from them!
4. Dating:
This is the most common money mistakes to avoid in your 20's, it cost me a lot of money, ah if only I knew back then what I know today!
I don't mean that dating in itself is a financial mistake to avoid, but the cost that can occur with dating if you are not careful can be high, these are my 2 advises related to this money mistake:
- Avoid long-distance relationships: there is a huge money trap to avoid, what fuels these relationships is not love, but the feeling to defy the odds and prove that your love is stronger than the Atlantic or the Pacific. The problem is that to end up together, you will have to spend a lot of money, even worse, you will most likely break up. You see, when you see each other only a few times a year, each of you will be at their best behavior, showing the best image of themselves. Still, when you finally move in together, then you start to know the real person, and more often than not, you will notice things that you don't like, having no choice but to break up...
ps: I know that there are few exceptions to this rule. This is based on my personal experiences and on the experiences of other friends.
- Learn to split the bill: Don't be the gentleman who has to pay all the time! This will end up creating a discrepancy in the couple. Both partners have to invest financially and emotionally to bring balance and equality to the couple!
So make sure to avoid the dating financial mistakes!
5. Trying to get rich quick
Most of you will make this money mistake sooner or later, but it is definitely one of the financial mistakes to avoid, it will end up costing you a lot of money or even putting you in debt!
Always make sure to be debt-free and to have enough savings to cover you a few months before you start investing or start a new business. When you learn to avoid this top money mistake, you will have a strong foundation in personal finance.

BONUS:
The bonus part of this video is about the 5 steps that I use to avoid the biggest money mistakes I mentioned above!
1. Buy it tomorrow: never buy something the same day, give yourself 24hours to think, more often than not, you will end up changing your mind and saving some money!
2. Would you rather have the money?
If you want to buy something badly, ask yourself if someone would offer you the money instead, would you rather take the money or the item you want to buy? If the answer is the money, then buying the item would be a big financial mistake!
3. How many hours do you have to work to pay for it?
Ask yourself this question, then ask yourself if you would not instead do something else with the money. Remember that the greatest thing money can buy is freedom, and the only thing it cannot buy is time!
4. Save your savings!
If you use one of the steps above and choose not to buy an item, make sure to move the money to your saving account


DISCLAIMER:
- Any advice given on my channel and videos is for information purposes only and does not act as financial advice. Your financial decisions are your full responsibility, and if you are in any doubt, please contact a financial adviser before undertaking any investment with your money or change to your financial activities.

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