7 Money MISTAKES To Avoid In Your 20’s (+ What You Should Be Doing INSTEAD)

Today I’m sharing 7 common money mistakes that people make AND how to avoid them so you can make the most of your 20’s! 🌱
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[@AshlynneEaton]

What is one way that you want to take control of your finances? 🤍 P.S. Don't forget to check out Gabe's video after you've finished watching this one! Watch here: kzbin.info/www/bejne/rHrSiqunftqpd7s

[@energeticconfidentlady4254]

No credit cards.

[@Murburns]

Oh my goodness. I follow both of you and saw in my subscriptions that you both posted almost the exact same titled video at the same time! I was going to suggest that you check his out too because of how timely that was! Turns out it was a planned collab, and I just happened to see them beside each other listed in my sub list haha.

[@lourlopezsk]

Huge fan of both of you! Love this collab ❤️

[@investyourmoney6348]

Budget a month ahead.

[@nickelsanddimes4890]

When your husband doesn't want to talk finances, approach it as direct, short and as often as you can. I will say this was paid, or that was taken care of. Get it in somehow.

[@GabeBult]

Awesome video! Definitely agree with the importance of being open and honest with your significant other about your finances being on the same page as life-changing! ☕

[@AshlynneEaton]

So great collabing with you!! And absolutely! It just makes life so much better 😅

[@AYODIFAMILY]

You’re honestly the most useful youtuber of this whole world haha, thank you dear 🥰

[@AshlynneEaton]

Oh my gosh you are so sweet! So glad that you find my videos helpful! ✨

[@careerwithboris]

Not learning to budget and not having a growth mindset are really the 2 root causes of all these mistakes. You have to cut the roots to kill the weeds in your life. Awesome video!

[@mariashabbir2319]

1. Careless spending 2. Not discussing your finances 3. Not saving for retirement 4. Carrying credit card debt 5. Not saving for emergency fund 6. Living beyond your means 7. Not setting goals

[@monalishasmile5005]

Money is such an important topic and I agree that mindless or emotional shopping makes us bad on our money..its so important to ask ourselves what's our need is than our want..I always love to talk about money in my channel. Loved the video Ashlynne❤❤

[@AshlynneEaton]

I’m so with you on this! Really focusing on our needs can help us save so much money 🤍

[@AhmetKaan]

*“You can’t go back and change the beginning, but you can start where you are and change the ending...”* *―C. S. Lewis*

[@CrisTryingToBeProductive]

I wish you stoped spamming the same messages all over the YT channels I follow.

[@energeticconfidentlady4254]

I love this daily encouragement.

[@AhmetKaan]

@@energeticconfidentlady4254 :))

[@CrisTryingToBeProductive]

@@energeticconfidentlady4254 I don't feel amused reading the same message over and over again. Because it's repeated in every video I see.

[@energeticconfidentlady4254]

@@CrisTryingToBeProductive I got ya. Just don't take it personal. 😇

[@gennyscrazy]

5:45 funny how you stated medical, auto, and flood problems for emergency funds. My little brother breaks his bones all the time so it was constant doctor visits, in 2015 my mom got in a car accident then my dad's car broke down just a few months after, and in 2017 we had tropical storm Harvey flood 5 feet of our house. My parents got out of all those messes by their emergency fund! + My oldest brother has had to replace his car 3 times in less than a year, that's how he leaned the hard way about emergency funds or just saving money in general. I just started my 20's and I may not know a lot about finances, but I know from watching my family that this particular part is important!

[@oua4397]

Done all of them in my 20s 🙄🤣 it were personal mistakes and due to country issues and mentality in my country in general . but the good thing now in my 30s I’m very intentional about money - at least I do my best with knowledge I have access to.

[@AhmetKaan]

*You have to fight through the worst days of your life to get to the best days of your life.* *I hope you never ever give up. 💯*

[@priscillajimenez27]

Proverbs 31:11-28 KJV You're truly being a wise steward.

[@AhmetKaan]

*"Pain of regret is so much worse than pain of discipline."*

[@priscillajimenez27]

AMEN! 🙏

[@prioritizeonething9382]

Very true!

[@AhmetKaan]

@@prioritizeonething9382 🙏🙏

[@prioritizeonething9382]

@@AhmetKaan I thought of this again tonite. My training at work has been extremely disciplined. I'm thankful but more is expected. So I get a choice of doing things the easy way or the hard way.😄

[@DemetriPanici]

You guys both had awesome advice on this topic! When I saw the notifications I was like... "uhhhh did they make the same video" 😂

[@GabeBult]

😂☕

[@energeticconfidentlady4254]

Three Great KZbinrs on thus channel! Enjoy you all.

[@investinstyle-financeinves1181]

Creating a plan is critical. It gives you a roadmap to follow when life gets in the way.

[@AshlynneEaton]

Absolutely!! 🙌

[@kristen2646]

Money is such an all-emcompassing topic that shows its face in every aspect of how we live. Thank you for bringing light to this, and may the coming generations (and us current ones!) take steps to be good stewards over our $.

[@AshlynneEaton]

Absolutely Kristen! I think that you hit the nail on the head. We want to become good stewards of our money. That’s huge! 🤍

[@sofianatalie.]

loved these tips Ashlynne! would you consider doing an updated jewelry tour? I know you have a few newer pieces :)

[@laurenorona5861]

What would be your advice for someone in student debt? I am married and in graduate school and we eventually would like to move out/into a home one day. How do we balance saving for a home while also paying off debt?

[@AshlynneEaton]

Personally I would recommend paying off debt before buying a home (going into more debt) if possible. 🤍 Renting a home can be a great option! And if you’re really intentional about it, you might be surprised by how fast you can pay it off! Then you can focus all of your attention to saving for a home. Wishing you all the best! 🥰

[@cathylynnpietranton]

Thanks Ashlynne for the tips👍👍❤

[@Nouha-di9ub]

Great video as always. Thank you for the awesome content

[@AshlynneEaton]

So glad you enjoyed it!! 🤍

[@sydneylikethecity]

Great advice! One thing I disagree with is closing a credit card if you use it too much. Closing a credit card can actually lower your credit score, since it affects the age of your credit. I’d say it’s better to get to the root of the problem of why you’re using the credit card so much, rather than just closing it.

[@rdck-mh5qg]

Hey Ashlynne! I would love to see a "what i eat in a day" or some meal ideas from you!!! Ooooo or a pantry tour (if you haven't before) ☺️☺️☺️

[@alexinaaron1022]

Just a happy reminder from a teacher! **""for Christopher and ME"** (not "for Christopher and I") You are already so poised and well-spoken! I hope this reminder is helpful and not annoying. I love your content! (If you're unsure, just try out the phrase without the other person's name: you wouldn't say "it was easy FOR I", but it was easy FOR ME").

[@joymae]

I bought a lot of dumb things thanks to consumer culture. When I adopted a more minimalist lifestyle I was able to save a lot of money

[@simple_naildesigns]

Agree 😣

[@karinalopezp.806]

Thank you for your advices!! Love your channel!!

[@AshlynneEaton]

Oh thank you so much! I love sharing on here 🥰

[@flonagnanamuthu9978]

Two of my favourite ppl on KZbin collaboration...😍😍😍😍 Yay!!!! 🎉🎉🎉🎉And that too with great content... Hats off Ashlynne 💕💕

[@Hosenfeld24601]

When you said couples should talk about money, I had to laugh, as that's what we say when we're talking about being intimate later around our kids 😂

[@lvega5606]

You say, "we need to talk about money tonight, hun"? :)

[@AhmetKaan]

Team coffee! Here from Gabe's channel :)

[@AshlynneEaton]

Haha I feel like most people are 😉

[@StefanieAnna]

I love talking about money, its like the central theme on my channel :) People need to talk more about money so Im glad you made this video! A big mistake a lot of people make is putting money in their IRA or 401k and not investing in anything! If you dont allocate those funds its just sitting in cash and not growing! Big mistake to avoid! I also think financing a brand new vehicle is a mistake, nothing depreciates faster. Even if you go with something 2-3 years old you have saved a ton of money.

[@justadudeintheworldman.120]

Didn’t know you & Gabe were in cahoots

[@AshlynneEaton]

Haha cahoots is an interesting word choice. I did have a fun time with this collab though!

[@nicoleselfe2126]

Have you and Gabe collaborated?

[@mayvel1537]

Emergency fund is so key! I had to use mine to buy a used car in a pinch, I was so thankful to have that option and not go into debt.

[@energeticconfidentlady4254]

The Emergency Fund is one of the best tools you could give yourself.😇

[@mayvel1537]

@@energeticconfidentlady4254 agree!! :)

[@energeticconfidentlady4254]

@@mayvel1537 😇

[@sunflowercynthia9519]

Such great tips I wish I'd learned in my teens 😍 Today, I paid off what was left of my personal loan. Now, I'm tackling my credit card debt! I love thrift shopping and switching brunch dates for nature walks and a coffee with friends 👣 Love your content and your frugal tips, thanks for sharing!

[@AshlynneEaton]

Oh wow that’s so exciting! And that nature walks one is so good! I feel like walks always make for the greatest conversations 🤍

[@jessicanecor]

Love this video! Did you put down 20% on your home? I'm trying to figure out if I want to do a full 20% or do less to get in a home sooner

[@AshlynneEaton]

Hey Jessica! Personally I’m a big fan of putting down 20%. It eliminates the required PMI and that has saved us +$100 a month! I know it can be hard to wait that long, but it’s worth it 🤍

[@noellehilgesen612]

Gabe sent me!

[@AshlynneEaton]

Hey Noelle! 👋 Thanks for watching!!

[@1234Brenda5678]

Whats your opinion on using credit cards as a debit card? Also, paying them off like 2x a month?

[@AshlynneEaton]

That’s actually what we do! Although I pay them off weekly. 😅 The One caution I’ll add is that you just want to be careful that you don’t fall into the habit of not paying them off. But so long as you pay them off regularly I think it’s fine 🤍

[@devikagunasegara5022]

Good msg delivered👌❣

[@moldypotatochip]

My husband and I really want to buy a home within the next two years. We had to buy a car recently though and my stepson will be starting college in 1.5 years. So definitely setting a savings goal and being more intentional about it is really important to me at the moment. I'm in my 30s but this is still sound advice. Dave Ramsey's advice has been really helpful to my husband and I & thankfully we were able to pay off our student debts in 2019 🙌 but from having a stepson with disabilities definitely we have had a lot of expenses since then that have made it challenging for us to save for the house we plan to buy. Need to sit down and plan!

[@AshlynneEaton]

That’s so exciting! Good luck as you plan! 🥰

[@rae-annenichol9952]

LOVE your series! Thank you for posting. I would like to adapt what I am doing now, in the evening, with what you describe in your evening routine video. Just wondering how long does your evening routine take you? I have a good morning routine but my evening routine needs A LOT of improvement. Thank you again and keep up with the fabulous tips. :)))

[@lvega5606]

One year ago when I moved out of my apartment, I was so overwhelmed by all of the packing of all of the stuff I had accumulated that I decided to not by any non-consumable items for a really long time. I just looked back at my expenses over the past year for non-consumables, and I bought 3 shirts, a rice cooker, a salad bowl, and a cookie sheet, and reusable masks. I probably could've done without a couple of the shirts. Anyway, saved money and saved space.

[@breec3346]

Yes the tap to pay! That is super easy to do! And it’s hard to stop overspending when you have that choice! And I’ve started holding the item in my hand for the rest of the trip and if at the end of the trip I don’t want the item I put it back that allows me time to think on the item before just buying it!

[@simple_naildesigns]

Great idea, thank you for sharing

[@lyndsey268]

I have a really hard time talking with my boyfriend about money saving. I am currently unemployed, and he’s working. He will sometimes send me money for gas for my car, and I’m really good at saving it and other money I get along the way. But my boyfriend is not the best at saving, and he rarely has $50 left in his account when he gets his next paycheck (he gets about $1,000 every other week, and doesn’t have bills every month). I feel a little selfish when I want him to save more, but I guess it’s not going to help us at all for the future if we both don’t save more than we do at the moment. Thanks for the video! 💙

[@hengsoklinna4265]

Your contents are always so helpful 😊. Thank you ❤️😊

[@AshlynneEaton]

Oh thanks so much Heng!!

[@abbyhenderson9574]

I NEED this right now! How did you know?

[@AshlynneEaton]

Oh my gosh I love that! Perfect timing!! 🤍

[@abbyhenderson9574]

@@AshlynneEaton My emergency fund has really come in handy within the past year and your advice is great for anyone, but especially younger adults!

[@kate-ne]

I had to laugh when you used the Target bag for B-roll on mindless spending 😁 Target is a mindless spending MAGNET! I've strictly only been doing drive up orders at Target for a couple years now so I can't be tempted by all the home goods in that store! 🙈

[@simple_naildesigns]

Great idea, thank you for sharing

[@nicoleredolf181]

Same here! Now if I have to go into a store for ANYTHING, I activate tunnel vision mode. Until I get to the aisle I need to get something from, I look straight ahead, avoid looking side to side, and I walk fast. You ain't gonna get me this time, Target. 👋

[@simple_naildesigns]

@@nicoleredolf181 😂🥰

[@heidiwilliams6393]

I really needed this video thank you! I am turning 21 soon and I am still so stressed with money which no one teaches you in your teens! You're an inspiration :) x

[@sonnetdarkly2456]

Hey Ashlynne- you mentioned considering if a purchase is a want or need but it's often really hard to figure that out. It would be great if you could do a video about that with strategies to help reduce the feeling of needing stuff. Love your channel!!

[@hereshow375]

Gabe Bult has recommended you. I take his recommendations seriously and subbed.

[@AshlynneEaton]

Hey, thanks so much for subscribing! Love Gabe’s channel!

[@hereshow375]

@@AshlynneEaton You bet!

[@GabeBult]

☕👏🔥

[@hereshow375]

@@GabeBult Keep your coffee tho. 😄

[@MmM20978]

Great video! Wants vs needs are important.

[@JahangirAlam-vm9me]

team coffee

[@ivanmayet7879]

I came from Gabe's video and I'm happy to be here, thanks for this information, it saved my money for sure 💸

[@AshlynneEaton]

Hey! Thanks so much for stopping by! ✨

[@thitime3430]

I had so many money mistakes. What did it for me was Dave Ramsey plans!

[@noellehilgesen612]

It doesn’t make sense to close credit cards because you lose all the good points you built for your credit score. You can cut the card up and stop using it but you should never close the account.

[@AshlynneEaton]

Often, if you stop using an account it will actually close automatically. 🤍 But I think there is something reassuring for people who struggle with paying them off every month with closing it completely. It’s like actually deleting your Instagram account versus just saying you’ll stop using the app, because you have a problem with using it for more than you should. And I think in that case, the couple points you lose for closing the account is worth it 🤍

[@simple_naildesigns]

Agree

[@nicoleredolf181]

I suppose it's like the question that is asked with any medical procedure: would the possible benefits outweigh the risks?

[@isabellar772]

yay happy to see Gabe getting more recognition. hes awesome :)

[@hereshow375]

I have a lot of kindly affection for that man and respect!

[@AshlynneEaton]

He’s great!! Love the videos he makes!

[@GabeBult]

Well thanks!

[@zsooofii19]

I absolutely love your videos. I am currently thinking of getting into investing. I have very little money, but I have heard and read on multiple platforms, that just saving up is not the best way, just because that saved up money will just sit around, whereas if you invest - even as small as a $10-, that money will get more and more, it works for you basically. I was wondering what's your point of view about investing? I'd love to see a video about it 😊

[@prioritizeonething9382]

I love the simplicity of your kitchen! I don't enjoy a lot of word art, wallpaper borders, vertical blinds or a tuscan kitchen.

[@nicoleredolf181]

I want so badly to cut all my credit cards up, but my credit score would suffer. And I wanna buy a home so thats not an option. 😭😭😭

[@nickelsanddimes4890]

My husband took an axe to my clothing one when we dated. Lol Definatley didn't need it.

[@WithoutVlogs]

Credit Score is such an American thing. I never really understood it.

[@britziebabe]

We are credit card debt free now, but we still use them and then pay them off each month to not carry over a balance and pay interest. That way it keeps our credit scores good and our cards open :)

[@nickelsanddimes4890]

@@britziebabe I have used them in the past. I have heard some pay the minimum each month and others max out and than pay each month to get their credit high.

[@nickelsanddimes4890]

@@WithoutVlogs I'd like to maybe look at things again. It would be great to see a video on all the ins & outs of it all.

[@ervinsmoviecorner8748]

Nice job, Ashlynne! You're the best!❤️❤️

[@AshlynneEaton]

Thanks so much Ervin!!

[@ervinsmoviecorner8748]

You're welcome, Ashlynne!

[@EliotMusic]

100% true

[@janerizzoli1150]

I'm so blessed that I have natural saving ability ;) I treat organizing my finances as a hobby!

[@claudinesulla5972]

i agree with everything you said ashlynne, more videos from you please, love from Philippines

[@sayablanc8626]

I just rewatched ur first vid and now u look how much you have grown congrats !

[@GlitterPaws.]

Such a great video! Thanks for the tips. Btw Gabe Sent me 😊

[@janetanam6219]

I think this is for all ages, not only for 20s. Nice info. Thank you!

[@InfinitySkyMusicYT]

Another mistake: Not starting a YT channel

[@genabrown8740]

Coming to your channel from Gabe Bult

[@ibtissamkarrate2833]

❤️🌸❤️❤️🌸

[@AshlynneEaton]

🤍🤍🤍

[@pritikhan28]

❤❤❤

[@koko137591]

🖐🏼🙂

[@davonpointer2310]

Gabe sent me! Go team tea! 😉

[@josecabrera9003]

I Like your Videos 👏

[@simple_naildesigns]

Great tips

[@electranica777]

❤🙏🏽❤