63 Money Lessons We Learnt in Our Twenties

The twenties are the most treacherous years of a woman’s life. We’d know, we launched an entire website because of that. You’re no longer a kid, but you’re not fully an adult yet. You know enough to know when you’re fucking shit up, but you don’t have that many years under your belt to tell your left from your right so you learn by making mistakes, many many of them, in love, life and money.

We asked the women in our community to share the biggest financial lessons they learnt in their 20’s, and from all those came golden nuggets. Whether you’re 20, 30 or 40, you can still learn a thing or two. From, friendships, to savings, to investments here are the money lessons these women learnt in their twenties.

1. No matter how little you earn or how much expenses you’ve got, always save for rainy days
2. Don’t always spend money immediately you get it
3. Document all your expenses, don’t live beyond your means, don’t set unrealistic targets.
4. Always set aside savings no matter how small.
5. Simple: Don’t spend what you don’t have
6. Invest in profitable ventures and multiply your income stream
7. Spend less than you earn.
8. Never invest what you can’t afford to lose… I almost died last year, Jesus
9. Buy whatever you need when you have money because it runs out quickly.
10. Compounding
11. When you first get paid, separate your savings and settle your needs before your wants.
12. Increased skill = Increased income
13. Never be broke broke
14. Don’t be scared to start that business, you can also be a millionaire in your twenties
15. Avoid black tax as much as you can
16. Have multiple streams of income for financial peace of mind.
17. Make plans for your money and stay disciplined
18. Always have emergency money locked up in your bank account.
19. Don’t borrow money to someone except you’re willing to let it go.
20. Resist the urge of impulse buying
21. Never buy edibles on credit
22. Plan for your spending, save, INVEST
23. Having multiple streams of income is the surest way of getting the bag
24. Money comes and goes, so whenever it comes, utilize it well.
25. Make more
26. Have a priority list
27. Always save, it’ll save you later
28. Have a good source of income before investing. Don’t invest first.
29. Always be patient with your investment
30. Buy your first land/home with whatever you have, you can always upgrade anytime
31. You use money to make more money
32. Don’t borrow money for someone else, especially when they don’t have a solid means of income
33. Don’t borrow friends money, instead give them what you can forget if they don’t pay up
34. Always have an emergency fund
35. Never touch your savings, the moment you do, e don finish
36. Problems don’t announce itself so save especially when things are calm and fine
37. Don’t be scared to start that business, you can also be a millionaire in your twenties
38. Do a business survey before you invest in anything
39. Save, set priorities straight and plan
40. Invest, save, but don’t forget to take your self on treats
41. Preserve cash and do not spend it if you possibly can.
42. Money won’t fall into your lap.
43. Be super disciplined and strict with the way you handle money.
44. Start a business on time
45. Save before you spend
46. Don’t borrow friends’ money, give what you can forget if they don’t pay up.
47. There is an abundance of money, just develop your skills to make more money.
48. There’s nothing set in stone
49. Learn and go hard on money management
50. You’re not too young to make moneyLearn to have money chase you not the other way around.
51. If you go broke today, no one will respect you. Number one rule of money is – save me today, I’ll save you tomorrow.
52. Spend wisely, no matter how big or small
53. Budgeting save you a lot
54. Spend money on things that make your happy
55. Never touch your savings, once you do, its gone.
56. Run away fro  Ponzi schemes
57. Never make a decision that involves money in a haste
58. Save, even if you don’t have plans for your savings yet.
59. Be conservative
60. Have a to-do list on scale of importance
61. Invest wisely
62. Problems never announce themselves. Save, especially when things seem calm and fine.
63. Think critically before you spend. Consider that expense more than three times
64. Read books on finance, they help. Also, implement what you read.
65. Spend money to take care of yourself and grow your career
66. Money always comes and goes, don’t beat yourself up for a bad financial decision. Move one.
67. Every penny counts.