Financial Advice Lessons You Need To Know NOW!

Financial Advice Lessons from real women!

The school of hard knocks is a good teacher but wouldn’t you rather let someone else take the knocks and you just learn the lesson? Especially when it comes to your money?! Well, then keep reading! I created a survey which covered a wide range of financial questions and these answers all come from real women with real stories. Hopefully you will gain some golden nuggets of financial wisdom.

 Personal Financial Advice Tips from real people. Saving you time and money, this advice will help you make better financial decisions by learning from others.

I asked them the question “What financial advice do wish you had been give at age 20?” Here are there answers.


If you have a credit card, pay it off every month. Get as few student loans as possible! Start retirement savings NOW.

Expensive food, drinks and taxis just aren’t worth it. Save for travel instead!

Don’t use c.c. only spend what you can and put at least $5 a week in a savings account

Time value of money and the phrase “Do today what others won’t, so you can live tomorrow the ways others can’t.”

Don’t take on College Debt and start investing NOW!

Start investing early and seek a financial advisor.

Live within your means, always save something from each paycheck even if it’s only $10 a week, and think before you spend.

Pay more attention to your savings account and don’t touch it! Save what you can, and a little bit will go a long way.

start separate accounts if married. open a savings account that is harder to access. invest in mutual funds asap

Pay student loans down before you graduate or work harder to have a smaller amount of loans

Quit that minimum wage job and start earning some real money. Do what makes you happy not what earns you lots of money.

20 years Ago i did not know about the Stock market. Wished somebody would have taught me about it, i would have been retired by now.

As I scolded my sister all the time, start putting money into your retirement when you first start working. Even if you can’t afford much, because in the long run, it can really grow.

I would tell myself to save! At that age I thought I had plenty of time to save for the future. I met the man who is now my husband at 20 and we both worked full time up until we had a child together when I was 26. We didn’t take saving seriously when we had the chance and now we have a child and I only work part time so there isn’t much left over at the end of the month to save. I would tell myself that it is never too soon to save for the future!

I was given great advice and have always followed it – always pay my credit card on time and in full. Biggest mistake, rushing into buying a house (right before the crash).
I wish I would have been taught to budget early on. I struggled a lot prior to my late 20’s and into my 30’s when I started budgeting like a boss!
That to have control of your finances is to have choices and opportunities for your whole life.
How important my credit score would be!
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I was given it by my father, but I didn’t listen until later: Max out all retirement plans from the get go. Or start doing that no later than age 30.
So much – keep track of your income and expenses and where money is being spent. To save and not spend because you know money is coming in. On a personal level, just my relationship with money, that a rich person isn’t a bad person, it should bring out the real you….yes, some people step on others to get to where they are; but others are using their money for the greater good.
To start tithing and investing with my first job. I just spent what I had so once I finally got priorities I was pretty screwed.
Save early and often. Avoid debt.
I wish someone had taught my spouse about money before I met him.
Save as much as you can!
Never spend your last dollar.
I wish someone told me that to save for a better future ahead. If I had that discipline at a younger age I would be set right now. Probably own my own home.
Invest in retirement early
I wish I knew of FIRE when I was 20. I was always a saver, but I never had a plan.
I doubt I would have believed anyone at 20yrs old giving me advice! I wish I knew about the long term scenarios based on how my budget, spending, credit report would cause me later in life.
Find a side hustle while you’re in school and begin paying off your student loans now. Also, save and invest as much as possible.
You should create a budget before you start a full time job. Prioritize saving before you allocate money to other expenses. It’s much easier to do it this way than to cut back on spending.
Save and invest. Don’t buy things you don’t need or buy things in order to impress others.
learn to make money make money
Avoid debt at all costs. It’s not worth the instant gratification.

Wow, that is alot of advice packed into one spot!! Do you have a nugget of wisdom you have been given over the years? Comment below and let me know!!

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  1. Kerri August 10, 2017 at 3:00 pm

    Great tips! I wish I had stuck to a budget more during my college years:)

    1. mrssavvy August 10, 2017 at 4:51 pm

      You are not alone in that thought! Being busy keeps many of us from keeping up with a budget I think!

  2. Alvin Lau August 10, 2017 at 3:44 pm

    Great financial advice! I think it’s really important to avoid incurring too much debt. Interest compounds at a crazy rate and before you know it, it may be too late.

    1. mrssavvy August 10, 2017 at 4:54 pm

      YES. That compound interest is a killer when it is going out to someone else’s empire!

  3. Sophia August 11, 2017 at 7:20 am

    Great advice!! Completely agree with not getting too many student loans, I worked through my degree and I’m in a lot less debt now that my friends are x
    Sophia x

    1. mrssavvy August 11, 2017 at 7:23 pm

      Hi Sophia, Way to go!! Student debt gets so many people because they do put it off until they have to pay for it but working through school is a really great way to keep it down! Great job!

  4. Sian Emma August 11, 2017 at 7:25 am

    Great tips! Completely agree about not getting a credit card, if you do’t have it, don’t spend it!

    1. mrssavvy August 11, 2017 at 7:23 pm

      Yes! Don’t spend it if you don’t have it!!

  5. Helene August 11, 2017 at 7:29 am

    Great tips and advice! I follow some of them already but i need to focus more on some other.

    1. mrssavvy August 11, 2017 at 7:26 pm

      That is what our blog is all about, helping keep the focus on being savvy!

  6. Claire August 12, 2017 at 5:26 am

    These are some great tips! I really like knowing your budget and investment!

    1. mrssavvy August 18, 2017 at 2:21 am

      Thank you!

  7. Sarah August 12, 2017 at 4:00 pm

    I have a family finances spreadsheet with all the bills, income and other needs like food and fuel so that I can track what needs to be paid when and any spending money we may have left over.

    1. mrssavvy August 18, 2017 at 2:23 am

      That is a good place to start. You didn’t mention it but I hope you also have a savings account that you are using to pay yourself first too.

  8. Gabriela@IamFoodieTraveler August 14, 2017 at 8:21 pm

    Great advises, seriously. I decided to have August-no-shopping month and it’s getting harder and harder. But I want to do this, either for colleague fund of my kid, or for my retirement or just some traveling int he future years

    1. mrssavvy August 18, 2017 at 2:24 am

      That is a real challenge! Good luck on seeing it through. It will be worth it!!

  9. August 14, 2017 at 8:36 pm

    Amazing tips, I’m glad I don’t have any credit cards or loans,otherwise I would be in real trouble.

    1. mrssavvy August 18, 2017 at 2:24 am

      CC and loans are a real good way to get in trouble, you are right!

  10. Jenny August 14, 2017 at 9:47 pm

    Great advice, it’s important to take control of your finances, otherwise they take control of you !

    1. mrssavvy August 18, 2017 at 2:25 am

      Yes. Very true Jenny!

  11. Jeannine Dippenaar August 15, 2017 at 5:45 am

    Oh wow such great and valid tips. To have a Budget is so important, but to stick to it even more so – that part I find hard 😉 it need some (or a lot ) of work. need to start looking at my retirement, I have been slagging on that one, thanks for a great read

    1. mrssavvy August 18, 2017 at 2:25 am

      You are right, the applying part of budgeting is where most people struggle.

  12. suzy C August 15, 2017 at 1:14 pm

    great tips all packed into one post! Not always easy to implement them all but make as much effort as possible. Unfortunately me and my husband spent money when we had it (he has terrible money management skills and I was equally bad in leaving it mostly up to him whilst busy with looking after kids). We are now facing a very difficult retirement due to debt. He is older than me and retired so I am working hard to try and keep things afloat whilst supporting our boys at College. Definitely plan for your later years guys!

    1. mrssavvy August 18, 2017 at 2:26 am

      Good advice from the trenches. Thank you!

  13. Lashaun August 15, 2017 at 3:09 pm

    I agree that starting a side hustle is a great key to building wealth and upgrading your lifestyle. You mentioned FIRE earlier in the post. Would you mind elaborating on what that stands for?


    1. mrssavvy August 18, 2017 at 2:29 am

      The blogger who talked about FIRE is referring to Financially Independent, Retire Early.

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