I realize I’m still young since I am only 25 years old, but there are still several things I would tell my younger self about money.
I definitely was not great with money when I was younger. I made many money mistakes that led to me wasting thousands upon thousands of dollars. I cringe about the money I wasted, but I know that I learned from these mistakes and I am improving my financial life each and every day.
Everyone makes mistakes. The key is to learn from your mistakes and make an effort towards not making the same mistakes again. Dwelling in the past won’t fix anything, but it can be a good reminder so that you don’t fall victim to the same money mistakes over and over again.
Below are seven things I would tell my younger self:
1. Stop buying clothing!
I spent way too much money on clothing when I was younger. For the most part, they were all items I never even wore, or I only wore a few times.
A COMPLETE waste of money.
From about the ages of 16 to 21, I worked as a full-time retail store manager, which meant I was surrounded by clothing 40 hours each week. It was hard not to buy anything, and I often spent thousands upon thousands of dollars on clothing items each year that I did not need.