8 biggest money mistakes to avoid when you’re young

Intelligent Investor

Independent Financial Research

Give yourself a head start in life by avoiding these common financial mistakes and developing good habits. Your 20s and 30s are filled with milestones, such as learning to drive, finding a partner and building the foundations of a career. The decisions you make now can be the difference between financial success or living paycheque to paycheque down the road. Here are eight common financial pitfalls to avoid when you’re young. 1. Not putting aside money for emergencies. If you don’t have ready access to cash, you’re more likely to be forced to take on costly debt if you run into trouble, such as the loss of your job. A good rule of thumb is to have at least 6 months' worth of living expenses in a high-interest online savings account. To find out the other 7 click here: (VIEW LINK)


MORE ON



Independent Financial Research

Intelligent Investor is an independent financial research service with a 14-year history of beating the market. Our value investing approach empowers Australians to make more informed decisions to build their long-term wealth. We off structural...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.