20 years old money mistakes - [Need to Avoid them Now]

There are 9 money mistakes that 20 years old people specially do.

Let's start from,

Number 1:

New Car - Fascinate about New Cars:

Today's young generation love about new technology and similarly new cars. So everyone young generation wants something special or unique or new so they can make the difference from others. Which ultimately gave them fame so this chain kept on going and going without knowing the consequences of this temporary fame.

Number 2:

Partying - Wasting money on partying:

We all know what it means to party, which is to have a good time with friends while enjoying oneself at a place or other having exciting gathering. So at this age, everyone love to party and celebrate with friends which gave them nothing in return and just a pleasure for a short time. 

Number 3:

Expensive Dates - Spends a lot of money on Dates:

A date is a planned social or romantic outing with someone you are interested in romantically or sexually. Therefore, today's generation spends a lot of money to have a memorable date that their partner will never forget and gets nothing in return with short term pleasure.

Number 4:

Eating Out - Spends money on eating out:

One of the key things for this generation is dining out, whether it be with friends or by yourself. This is a waste of money on top of the fact that their family must prepare food for themselves, which will be wasted.

Number 5:

1000 Shoes - Love to buy shoes:

These 20-year-old youths have a reputation for squandering thousands of dollars' worth of shoes by keeping so many pairs in their closets. With the arrival of new trends, it is only a fleeting pleasure that is wasted.

Number 6:

Poor Credit - Unable to handle credit:

When they have a history of not paying their debts on time or owes too much money, or when they spend a lot of money on unusual things that gave damages in return in the name of credit. This should also be resolved as soon as possible.

Number 7:

No Budget - Don't know how to manage budget:

They fall into the "No Budget" category when they don't prepare a suitable budget. It is clear that practically all young people fall into this group due to a lack of understanding about how to properly manage their finances.

Number 8:

No Saving - Don't know how to save:

How can you anticipate living a happy life forever if you have "No Saving"? Similar to how young people who don't save for the future will suffer the penalties in their 30's or maybe even sooner.

Number 9:

Loan Finance Father - Keep asking from Father/provision:

Loan Finance Father is the last but one of the major point that every youth should think about it. They should not keep depends on their father loan finance and have their own way to get something so they can have a proper life style and a proper domain in the future.

Thanks for reading ... :)

These are some major point from my point of view (everyone has their own perspective) that should be avoid and learn to grow for a better future. ;)