5 Money Mistakes I Made In My 20s 💸

these are 5 money mistakes i made in my 20s, as well as a bonus of 3 things i KNOW i did right!

t i m e s t a m p s
00:00 – 💭 intro
00:37 – mistake #1: buying useless luxury
02:07 – mistake #2: not monitoring my accounts
04:37 – mistake #3: not investing
05:26 – mistake #4: spending too much on rent
07:42 – mistake #5: not having a budget
09:16 – what i did "right" #1: not buying a new car
11:05 – what i did "right" #2: saved up 6 months of living expenses before moving out
12:48 – what i did "right" #3: built a 12 month emergency fund
13:27 – 💭 final thoughts

s o c i a l s
🧸 tiktok | @aasian

o t h e r v i d s y o u m i g h t e n j o y

a b o u t m e
my name is Asia Jackson and I’m an actress & content creator based in los angeles!

i spent the beginning years of my adulthood feeling totally lost. it was difficult for me to find joy, be happy, and simply participate in life. i felt like i was floating, watching life pass me by. one day, i decided to reclaim my power & change my life. i have made a commitment to live an intentional, beautiful, and joyful life. it is my promise to you to help you do the same and BECOME THE BEST YOU ✨

welcome to my youtube channel! let’s thrive!

new videos every friday :)

f a q
— what’s your race/ethnicity?
black & asian / african-american (louisana creole) & indigenous filipino (igorot)

— how tall are you?
5’6” or 186cm

— what camera do you use to film?

[lee-]

im 18 and i feel like im always behind but watching these videos, reading the comments, and even talking to my parents help me realize im still a kid and just wanting to educate myself on these things is exactly where i need to be

[dldrtqf]

Giiirl, I'm 24 currently and just finished getting out of the stupid ass debt i got myself into. We've ALL made mistakes... The trick is to learn from them! Love this video

[raquelconceicao]

its so difficult to budget $$ when you make so little because everything is expensive.

[YuanQ]

living at home has saved me so much! I've realized how lucky and what a privilege it is to be able to live at home and save money for your other financial goals

[dollybands]

I got financially wise at 21. The financial mistakes I made from age 17-21 cost me $50K (Student loan debt & not saving/budgeting). 24 now, most of my debt is paid & in a much better place financially. Sometimes I think about that $50K but no use in crying over spilled milk at this point. Just learned from my mistakes and moving a lot smarter now! Plus, if you’re a real hustler, you’ll know how to bounce back from any situation & level up even higher

[MarijahMosley]

Sticking to my budget is where I need to improve and not pulling from my savings account to splurge

[daisyrose]

I'm 33 yo now and I never made any of these mistakes, but I realize I was very blessed to have parents that taught me financial responsibility very young. This is a great video since I'm hoping a lot of younger ppl will watch. The only thing that really helps is learning all of this stuff as early as possible. Would really help if personal finance was taught in high school, but I digress.

[emilybroad]

I’m 24, I moved out when I was 18 . Here’s my list before I watch the video
1. Getting into anything that needs a payment plan (phones, just fab things like that)
2. Credit cards
3. School loans
4. Not putting any-money away
5. Buying wants over Necessities

[spottinglyd]

23 and I just feel so out of control of my finances. I feel like I don’t make enough to get ahead of my debt but I also do myself a disservice by not budgeting the little that I do make. I have gotten quite depressed over my finances even though they aren’t the worst out there by far. Thank you for making this video. I’m hoping that this can be a stepping stone for me in the right direction.

[michelle]

This came at a time when I was deciding on either taking a vacation during Christmas or waiting until off-peak season to save some money. This is a sign!

[karaleigh_eva]

Biggest mistake
I paid $1200 for a plane ticket to Japan in APRIL OF 2020

Whole trip was cancelled
Didnt get it refunded
Didnt call to ask about getting it refunded because I was scared 🙃

[KayForbey]

Getting a credit card at 20 and maxing it out was definitely my biggest mistake. 😅

[madison]

I’m glad you bring up useful luxuries, like something I’m learning (as a 23 y/o) that some things are actually worth spending more on instead of always looking for the cheapest option. Like, spending a little more on stuff like high quality shoes is soooo worth it and you can always save in other areas

[jemellee]

i am 32 and ive been drowning in credit card debt 😢 just years since high school and college of large purchases that i couldnt afford at the time, mostly travel or big shopping expenses.

2022 is the year i think i will finally get it done, so crossing fingers!

[Maverickgouda]

Before moving out, get the emergency fund *ANDD go ahead and do a fund for the furnishings and all. It could run a few thousand and you could start a spreadsheet to calculate the cost of everything on your list

[chloesingleton]

I’m less than a week from turning 23 and ngl my spending habits are kind of messy, but I’m proud of myself for setting up an untouchable “future fund” for myself a few months ago to go towards moving out.
Now just gotta work on making a budget and sticking to it 😅

[themoodybibliophile]

I’m 27 and I am just now understanding the importance of smart finances. I just finished creating an emergency savings and I feel I have enough to begin investing but don’t know where to start…

[Yodel-Inator]

im not even kidding the notification popped up RIGHT AFTER i j purchased sumn online again-

[randomsketchings]

Went to college on student loans where the bulk of them were private rather than federal. A mistake that almost 10 years later I’m still paying for.

[channingbriggs]

I think my mistake right now at 27 is not creating a proper savings account while I was still living with my parents . I should have learned how to save properly as well.