7 Money Mistakes to Avoid in Your 20s

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[MayriMay]

Pro tip: *you can’t get “money mistakes” if you don’t have any* ✨

[kekeserene]

I wish talking about finances was more popular on youtube...I'm a senior in college and am always looking for adulting advice, especially from my favs. Thanks Amy!

[anikasyeda]

1. Accumulating credit card debt. Pay off all credit card bills.
2. Have a rainy day fund of at least $1000; some experts say save up 3 months’ salary (use saving app)
3. Save for retirement ASAP (go to HR and look into 401K)
4. Invest (can use apps like Stash)
5. Don’t lease car or purchase car that you can’t afford. Cars are depreciating assets. Buy affordable/used car
6. Start saving for property! Put money towards an asset
7. Get insurance (life, renters, health, pets, etc.) See app Lemonade

[anagogic]

can't believe i'm taking financial advice from a mermaid

[ayannamcneil]

these tips only work if you’re making enough money to live. most folks especially black and brown twenty somethings can barely cover their rent let alone invest. would’ve loved to hear u address this. love you amy.

[siiri]

This made me realize how the differences between the American economic system vs the Finnish one really make a huge difference in how you need to spend your money! For example, having health insurance or saving money for retirement aren't necessary here.

[ErikaK]

Love what you say about living debt free, it really makes a big difference and it also means stress free :)

[haleyhelms]

The fact that you are making these videos for younger people to watch and learn from means so much. I turn 19 next month and i'm basically an "adult" which scares me honestly. I'm excited and scared but every time I watch your videos it gives me a sense of calmness and reassurance that if you can do it why can't I.. I've watched almost all of your videos lol keep up the good work <3

[Maricarrrr]

This video is on point!! I was so dumb with my money in my early 20s, and am paying for it (literally) now. Thank you for opening up the conversation!!

If anyone needs other resources: Dave Ramsey, Graham Stephan, and Aja Dang have helped me so much!!

[kguth]

I’m 21 right now and have just started setting aside for a 401k plan and I also got dropped out my parents insurance bec I decided to get one through work on my own. I wanted to start being responsible with my own money. I currently am in debt for my car rn but I’m paying it off every paycheck. It is really important to be mindful of your money. It does stress you out sometimes but it will be worth it in the long run. I’m still doing research on ways I could invest, It’s a never ending process. Thanks for your tips Amy! ❤️

[__jnn]

this type of information is really valuable especially now that we live in a very expensive world. i’m just 19 years old, but i’ve been saving since i started working, when i was 15 years old only. my mom is really the one who’s pushing me to save, because her experiences before about money has changed her (getting robbed, being manipulated into giving her money). now that i’m the legal age, i start to worry more (moving out, paying rent, buying food, paying car insurance), so it’s good that every single one of us knows how to handle money better and this type of videos should have millions of views, so that we’re educated more about money.

thanks for reading (i was so tired typing it lol)

[marionegal]

I think it's GREAT that you directly went into the topic of the video, really! THANK YOU

[taylahclarke]

It feels like your videos always come at exactly the right time...I've been so stressed about money lately! Just watching this has started making me feel a bit better.

[angeliquediaz]

Thank you so much for this video, I love hitting down your self-help tips into a journal where its most accessible to me since I use it everyday. Not many Youtubers use their platform for real life help that can assist an audience for Adults/Teens. Grateful to see you doing it. I’m turning 20 this February and have absolutely no idea what I’m doing with the money I’m making. This helped tons and I downloaded all the apps you mentioned! You’re doing amazing with your channel and I’m looking forward to seeing its growth! Blessings to you and sending all the best vibes!

[emulija]

I loooove how youre straight in to it and we dont have to wait for u to start after 5 mins, and u explain Very well

[katerinadikaios]

This video is so so necessary! Thanks so much for breaking things down!

[nanadantas]

I'm 25, almost 26. And this video is super, super helpful. It's amazing how we can be completely dumb about money. When you save things, that cam help in A LOT of ways. Especially money. Thaks for this :)

[JenniferVee]

Girl I love ur random yet good topic talks !!❤️❤️❤️

[illestgyal]

Girl yes. I just found you thru YouTube recommendations. Thanks for your tips. Lots of people will find you helpful!

[kristinelise]

You are so eloquent, so impressed and love your videos!