Blog Post #1: Building Better Money Habits in Your 20s

Your 20s are the perfect time to set yourself up for financial success. The habits you build now can either lead you toward financial freedom or leave you struggling later. The good news? It’s never too late to start making smart money choices.

1. Create a Budget & Actually Stick to It

• Track your spending using apps like Mint or YNAB.

• The 50/30/20 rule: 50% needs, 30% wants, 20% savings.

• Avoid lifestyle inflation—just because you earn more doesn’t mean you should spend more.

2. Start Saving & Investing Early

• Open a high-interest savings account for emergencies (aim for 3-6 months' worth of expenses).

• Start investing with low-cost index funds or robo-advisors.

• Take advantage of workplace retirement plans (like RRSPs or 401(k)s).

3. Reduce Debt & Avoid Unnecessary Loans

• Pay off high-interest debt ASAP (credit cards, personal loans).

• If you have student loans, set up automatic payments and make extra payments when possible.

• Avoid buy now, pay later schemes unless absolutely necessary.

4. Increase Your Income & Build Financial Skills

• Pick up a side hustle or invest in skills that boost your earning potential.

• Negotiate your salary—many employers expect negotiations and budget for it.

• Learn about personal finance—read books like “The Psychology of Money” or listen to finance podcasts.

Mastering your money in your 20s is about small, smart decisions that add up over time. Start today and thank yourself later. Check out more in-depth money tips on www.growthmindsetsuccess.com.