Money Habits You Can Adopt In Your 20s

While it might feel like your 20s are the time to live wild and be irresponsible, it doesn’t mean that you should. Getting your finances in order now can help you to prepare for those significant milestones like buying a house, getting married and having kids – as well as help you plan for your retirement.

It’s never too early to start planning your future, so take a look at some amazing money habits you can adopt in your 20s.

Stop racking up debts

Debt can ruin your finances, and if you’re struggling to keep on top of your repayments – it’s time to put a plan in place. Tackle your debts by making setting up repayment plans and set up a budget to help you pay them off quicker. Most importantly, stop frivolous spending and start saving for the things you want instead of adopting the ‘living for the now’ attitude that can lead to debts in the first place.

Start saving

Savings are important, and even putting money aside for rainy day savings can help you out in the future. Aim to save 10-15% of your pay salary and watch your savings add up. Take advantage of the different money saving tips that are out there to help you save even more money on your bills and spending, and put those savings aside to help your money grow even more.


Want to adopt a more mature money approach? Consider investing. Investing is one way you can grow your money to help boost your income as well as help you save for your retirement. There are several different types of investments open to you. You can trade shares or even get involved with startup investments. Keep an eye on current investment trends – there are currently reasons to choose Ireland for business expansion, for example, that makes investing in businesses there an attractive prospect. Remember that investments carry risk, so make sure you do your research before you part with your money.

Set yourself goals

If you set yourself long-term money goals, you’ll be much more likely to stick to them. Whether you want to buy a property or pay for something big like a wedding or car, having some goals will keep you on top of your finances. Remind yourself of your goals regularly and monitor your progress towards them – as they’ll keep you going during the times you find it tough to manage your money.

Get insurance

Having insurance, be it for your home, your car or even income protection insurance can all help keep you covered during emergencies. Having insurance will give you peace of mind, while also making sure you don’t have to dip into your savings if something were to happen. Search around for the best quote and review your policies regularly to make sure you get the best deal.

Learning to manage your finances in your 20s is essential, and it’ll help set you up for the rest of your life. Take a long hard look at your financial situation today and make plans to take care of your financial future.

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