There are some basic rules in personal finance that are so vital for success that they pertain to everyone, no matter your age. Tenets like spending within your means and never carrying a balance on a high-interest credit card apply across the board. But how can you know if you're making any serious financial slip-ups for your current age?
Here are some tips to avoid costly money mistakes when you're in your 20s, 30s, and 40s. I'll also share a secret method you can use to learn about money and wealth (or about any subject, for that matter) that's quick, easy, and maybe even kind of fun!
20-Somethings: The Three Mistakes to Watch Out For
If you're in your twenties, it's likely that you're staying in school longer, putting off moving out of your parents' home, or delaying marriage and children. You have high expectations for a career that pays well, suits your lifestyle, and inspires you get out of bed each morning. Dramatically improve your financial health by avoiding these three serious money mistakes that can come back to bite you later on: