7 Major💰 Money Mistakes 💸 Many People Are Making 🤐 ...


Nobody expects young adults to have it all together.

Becoming an adult is a learning curve, so you're going to make a few mistakes along the way.

But some mistakes – especially financial mistakes – are avoidable.

You might have a lot to learn about being a grownup, but this doesn't mean you have to make life harder for yourself.

Here are seven money mistakes you might be making without realizing it.

1. Attending Grad School Unnecessarily

As an undergrad, you might like the idea of going to grad school.

In your mind, you’re opening the door to more job opportunities and a higher salary.

But depending on your field and major, going to grad school might be a waste of time and money.

Do your research and seriously consider whether a graduate degree will improve your job prospects.

After spending an extra one or two years and thousands of dollars to get a graduate degree, you might find yourself competing for jobs with people who only have a bachelor’s.

2. Never Building Credit

Credit history might be the last thing on your mind as a college student.

But without a credit history, it'll be harder to buy a car, get a mortgage or finance anything once you complete college.

If your parents are willing to cosign – and if you can afford credit – apply for a credit card to start building your credit history.

You can get a secured credit card which doesn't require a credit score or credit history.2

These cards do require a security deposit, but it’s much easier to get a secured card than an unsecured credit card.

3. Never Learning How to Use Credit

Being approved for a credit card is just the first step to building a good credit history.

You also need to know how to use credit.

If your parents didn't teach you credit management skills, head online and educate yourself.

With any type of credit account, it's important to pay your bills on time every month, and you should only charge what you can afford.

Don't get in over your head.

Credit mistakes made as a young adult can follow you throughout your adult life and complicate your finances

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