Recently, I read Elite Daily’s article If You Have Savings In Your 20s, You’re Doing Something Wrong.
There are so many things wrong with this article. The author in this article basically says that you should spend all of your money in your 20s, even if you have money to start saving in your 20s. Saving money in your 20s to her means that you are boring, lazy, and just planning for your death.
To state the obvious: I disagree with her article.
I believe that saving money in your 20s means you’re doing something RIGHT.
There are tons of horrible advice in her article such as:
What memorable experience does money in the bank give you? How well-rounded can people become sitting at home, watching their limited funds gain interest?
As well as…
When you’re 40, you’re not going to look back on your 20s and be grateful for the few thousand you saved. You’re going to be full of regret.
I read this article over and over again to see where the author would say “Gotcha, April Fools!” However, that never happens. I’m sure this article is mainly just click bait to get people to head on over to their website. I think the advice is horrible and I’m hoping no one is following the advice of this author. However, I’m sure at least a few people are taking her seriously… [Read more…]