Your twenties are such a fun stage of life but can be very expensive if you are overspending. It is important to track how much you are spending on needs, expenses and fun. It is important to nail down how much you are spending on eating out, coffees and possibly even alcohol. Should you enjoy all those things, yes absolutely, but you need to account for the extras you are spending your money on, including social spending.  

Hacks to keep in mind to cut unnecessary spending:   

- Make a grocery list  

- Meal plan  

- Eat before going out   

- Set a certain amount for eating out, coffees, alcohol per month  

- Budget for home accessories   

- Budget for money spent on clothing  

- Schedule plans with friends in advance  

What You Need to Know About Building Credit   

Do not let your twenties ruin your credit score. It is important to build your credit score young so you have a good score when you are looking to make a big purchase later on that maybe you’d need a loan for. Here are some ways to build a good credit score:  

1. Pay your bills on time   

2. Get a credit card for beginners  

3. Minimize how often you use your credit card  

4. Pay off your student loan debt   

5. Check your credit score   

6. Pay your credit card bill on time or possibly early if it’s in your best interest   

What You Need to Know About Student Loans   

College can cost a bit and eat away at your savings in your twenties. When you choose to take out a student loan, have a plan on how you will be paying that back. Here are some hacks to consider if you have a student loan to pay off:   

- Pick up a part-time job throughout the school to save up to pay them off  

- Consider asking your part- or full-time employer what they offer for student loan paybacks  

- Live at home a little longer to add additional funds to your savings  

- Apply for grants and scholarships throughout college