Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Don’t Make These Financial Mistakes When You’re Young
Veuer
Follow
2 days ago
Many people may have gone through their 20s making financial decisions that were not particularly responsible and experts say there are a few mistakes that can cost you in the long run if you aren’t mindful.
Category
🗞
News
Transcript
Display full video transcript
00:00
Many people may have gone through their 20s making financial decisions that were not particularly
00:04
responsible, and experts say there are a few mistakes that can cost you in the long run if
00:09
you aren't mindful. Gambling on the stock market is a very big mistake for young people, according
00:15
to Insider. Experts tell the site it's, quote, very, very unlikely you'll quickly get rich from
00:21
doing so. The site also says that putting off saving is another poor choice. Experts suggest
00:27
investing at least 10% of your net income each month if you can afford it. Central Bank
00:33
knows that young couples and newlyweds often make the mistake of not setting a budget. It's
00:38
good to establish your financial capacity early on to help avoid overspending and make sure
00:43
you're both on the same page. The bank also reports that young people often fail to set
00:48
up an emergency fund, which is extremely helpful when life throws you curveballs. The Education
00:54
Center suggests that young adults look out for excessive and uncontrolled spending. The
00:59
site also notes that young people tend to rush into new car payments and both actions can lead
01:04
to long-term financial issues.
Recommended
1:11
|
Up next
These Financial Mistakes You Could Be Making That Is Wasting Money
Buzz60
11/1/2023
1:12
Vivek Oberoi Causes TROUBLE In Aishwarya- Abhishek Marriage
Bollywood Buzz
9/16/2019
1:21
Priyanka Chopra CRIES Uncontrollably On Sets Of The Sky Is Pink
Bollywood Buzz
9/16/2019
8:06
Amyra Dastur Talks About The Experience Working With Sanjay Dutt In Prasthanam
Bollywood Buzz
9/16/2019
0:51
Former Aide Claims She Was Asked to Make a ‘Hit List’ For Trump
Veuer
9/27/2023
1:08
Musk’s X Is ‘the Platform With the Largest Ratio of Misinformation or Disinformation’ Amongst All Social Media Platforms
Veuer
9/27/2023
4:50
59 companies that are changing the world: From Tesla to Chobani
Fortune
9/27/2023
0:46
3 Things to Know About Coco Gauff's Parents
People
9/23/2023
0:35
8 Things to Do in the Morning to Improve Productivity
Martha Stewart Living
9/22/2023
2:11
Why You Should Remember Aretha Franklin
Goalcast
9/23/2023
1:18
USC vs. Colorado: Can Caleb Williams Earn a New Heisman Moment?
SportsGrid
9/26/2023
1:04
Vic Mensa Reveals Celebrity Crush, Biggest Dating Pet Peeve & More on Speed Dating | Billboard News
Billboard
9/25/2023
1:09
Hollywood Writers Reach ‘Tentative Agreement’ With Studios After 146 Day Strike
Veuer
9/25/2023
1:26
Love is Blind stars admit they're burnt out from social media
Fortune
9/25/2023
2:01
NHA Customers in Limbo as Company Faces Potential Merger
SportsGrid
9/25/2023
2:55
Vanilla Ice Explains How the 90’s Shaped America
FACTZ
9/24/2023
1:26
Hot 100 Chart Reveal: Sept. 30, 2023 | Billboard News
Billboard
9/25/2023
0:36
Amazon’ Prime Video Will Show Commercials Starting Next Year
Veuer
9/25/2023
1:10
Angelica Ross Spills Details on Call with Emma Roberts About Transphobic Remarks
What's Trending
9/23/2023
11:13
Pokimane Answers The Web's Most Searched Questions
WIRED
9/21/2023
4:16
BREAKING NEWS: Matt Gaetz Tells House Committee: 'I'm Not Going To Vote For A Continuing Resolution'
Forbes Breaking News
9/22/2023
1:00
What's Popular on Uber Eats?
Stringr
9/22/2023
2:50
Måneskin Performs "HONEY" at MSG
Rolling Stone
9/22/2023
12:13
Matt Rife Hilariously Roasts Your Dating Profiles | Cosmopolitan
Cosmopolitan USA
9/19/2023
7:01
Kelly Clarkson Fights Back Against Brandon Blackstock In Devastating Divorce Battle
Life Stories By Goalcast
8/24/2023
