The age of 20 is a crucial period in life. When we were a child, many people thought that becoming an adult would make life easier. In fact, when they grow up, many young people have just separated from their parents' environment and know the outside environment so they want to be free and enjoy life such as traveling, hanging out with friends, building extensive relationships, and starting a side business to provide the desired items.
In your 20s, you will experience a transition from childhood to adulthood, you will be faced with new things such as new environments and lifestyles where you have to start adapting to survive. In the 20s or quarter-life crisis, it is a picture of the early life of humans who are faced with various pressures and confusion to determine their future.
Some people have been required to work in places that generate large salaries, continue their education to a higher level until they get married. However, some people are still confused about determining their life goals in their 20s. If this condition is allowed to drag on, it will lead to depression and stress that can lead to mental health. Here's how to deal with financial mistakes in your 20s:
1. Stop Comparing Yourself
Some of their peers in their 20s already have jobs in offices, continue their education to well-known universities, do hobbies and make money until they get married. Sometimes, it creates jealousy and you will unconsciously compare yourself to other people. STOP! Stop feeling jealous and focus on the goals and desires that you will achieve.
By dragging on in sadness and a sense of insecure you will not get anything and will be further behind your friends. Live your day and do what you want to achieve then develop your potential for success in the future.
2. Create Financial Records
Adolescence is a period of fun where we are free to express and find an identity. In their 20s, in general, there are still many teenagers who depend on their parents' income and use the money for their daily activities. However, it is not uncommon at that age to work and earn their income.
By making personal financial reports, you will be able to calculate the income and outcomes that you will use so that you become wiser when using money. You can start by making personal notes in a book or using an application so you can calculate how much money will be saved and spent.
3. Stop Shopping Just Because It is A Trend
Over time, you must realize that trends are only temporary and will always change. For example, gadgets, clothes, lifestyle to types of food change as well as the increasing number of consumptive behaviors you do. Instead of preparing funds for future needs, we often run out first to shop for things we don't really need.
Therefore stop shopping just because you have income or just follow the trend because there will be no end. Make sure you know what needs you prioritize and not what you want because it's just a trend.
4. Learn About Investation
To prepare for a better future, it is very important to study investing. Why should you study invesment in youth? By studying investing in youth, you will have more income that can be used as an emergency fund or as a savings fund for family needs later.
By investing, you will be saved from consumptive behavior and can easily determine priorities. There are several types of investments that you can try, one of which is investing in gold, property, stocks, education, and expertise.
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