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!
Related Reading:
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!!

Please follow and like us:


Add a Comment

Your email address will not be published. Required fields are marked *