Now, by no means am I rich. Not in any way, shape or form. But for my age, I do pretty well for myself. Let me give you a bit of background as to why I feel I can talk about this subject. Yes, I know, I live at home and all of that blah blah blah. But I could be like every other twenty-something out there and blow my paychecks on drinks every weekend, new clothes and getting my nails done. In my first year of being graduated from college and being in the “real world,” I’ve learned a lot. Even though I have been working since I was fifteen, this past year was the first time in my life that I was working completely full time and making a full-time salary. Before this point, I always worked part-time, or was an intern, and went to school full-time. I always saved my money, which I think instilled some basic drive in me for my adult life, but it has now been taken to a new level.
My parents always told my brother and I to save our money. And we did. We both always worked and had/have jobs, bought things for ourselves, and put money away into bank accounts. Yes, our parents paid for school and the necessities of life, their good parents and I’m extremely blessed and fortunate, but our deal with our parents was that if they helped us a bit along the way, we had to save the majority of our money for our future (which is what I’m doing currently). Brandon and I don’t live together and our goal is to one day buy a house when we’re married and all that jazz. But in California, you better have a pretty penny if you want to be living somewhere safe. I would say, “so that you don’t live in the ghetto,” but let’s be PC. So, you could say that my immediate saving goal, and reason for trying to be “rich in my twenties” is for that. I want to buy a house, and be able to do so without having to eat ramen noodles for the next two years following. So here are my tips for being “Rich in Your Twenties.”
PRETEND THAT YOU’RE POOR
This might sound silly to you but it’s true. Now how do I do this? Well, every time I receive a paycheck, I put most of that paycheck into my savings account. That savings account I do not touch. It’s almost as if it doesn’t exist. My checking account, however, is used to pay things like my credit card, gas for my car, dinners with Brandon and friends or whatever else. But that also doesn’t mean that I keep money in that account just to blow it. That money has a purpose and I use it for the necessary things and so that I can also be twenty-two and have fun.
BRING YOUR LUNCH TO WORK
While, I love my boyfriend dearly, it’s crazy to me that he buys his lunch every single day at work. Sorry honey 🙂 But I understand it because he goes to work at 5 am and doesn’t have a whole lot of extra time to be making himself a PB&J. In my case, I set aside some extra time each evening to make my food for the next day. By doing this you can save about $10 a day, $50 a week, and $200 a month. That adds up pretty quick. And I’d rather spend that money on more useful things. Not to mention that eating out every day isn’t always very healthy. Just think about the pounds you could be saving yourself, and the dollars.
DO YOUR OWN NAILS
Don’t get me wrong, I think having a nice set of nails is very important and makes you look professional and clean. But I am not about to shell out $40-$50 to get a mani-pedi every week, or every other week. That is ridiculous. Most of the girls I know have a stash of nail polish that they never use. Break out those bad boys and do it yourself. Not only will it save you time, but you’ll have an extra couple hundred bucks in your wallet every month.
DON’T DRINK SO MUCH
Just kidding 🙂 I’m all for a good margarita or glass of wine. But lord knows it is so much cheaper to buy your own alcohol and make your own drinks at home with friends, than it is to buy them when your out. Yes, I’ll (or Brandon will) treat myself to a drink at dinner every now and again but it’s not something that happens regularly. Have your friends over and have everyone bring a bottle of wine. Whatever! Get turnt at home girl! Plus, your saving money on that Uber ride home too!
TRY NOT TO IMPULSE SHOP
Yes, I love a good shopping trip with my mom or girlfriends, but I do try to keep it to a minimum unless I need something for a specific event or occasion or a gift for someone. Another rule I try to stick to is to not to buy things that are “trendy.” Or at least to not to buy expensive trendy things. Those are items you can skim on and get inexpensive. Invest in classic timeless pieces that will never go out of style. Those are what make your wardrobe and are worth the money.
HAVE A 401K
I didn’t think this was important to start at my age or to my “wealth” at this age, but with Brandon being an econ major and all, he yapped my ear off to enroll in my company’s 401K program. You don’t think it’s important now but putting away a little bit of money from each paycheck into a 401K really helps start a good foundation for your future self. And I prefer to have it taken directly out of my paycheck, so it’s like I never even had the money in the first place. That way you aren’t thinking about the money you aren’t receiving. It’s just slyly building up over time.
BE A COUPONER
No, not like that crazy show on TLC. But be sure to check retailmenot.com or use the app before making purchases regular purchases. Things like groceries, household staples, shampoo, any of those things I can usually find a coupon for and it saves you money! Why pay extra if you don’t have to? Also, I like to get my gas at Safeway or Chevron because when I use my Safeway card and get groceries (or my dad does- sorry for stealing your rewards Dad) you get points towards dollars off every gallon at Safeway and participating Chevron gas stations. It’s not being cheap, it’s being smart.
DON’T GO CRAZY WITH THE CREDIT CARD
So many people my age open credit cards and think it’s the best thing in the world, only to find themselves in a heap of debt that they can’t climb out of. Yes, have a credit card so you can be establishing good credit. But use it for the necessities, not luxury items you wouldn’t normally buy. Use it for gas, groceries, or the like. But pay it off. If you can’t afford something with cash, you probably shouldn’t be buying it with your credit card either.
I hope this was helpful for y’all and I hope you can use these tips and be “rich” in your twenties. Have a wonderful day and let me know what you want to see next. CYA
– That forget means that you don’t care. I never understood this when I was younger, but being a bit older now, I realize that remembering things and being there for someone and showing up, shows them that you care. It’s showing that you care enough to make them a priority in your thoughts, actions, and time.
– That you should never show up to someones home empty handed.
– That it’s okay to let the ones closest to you see you cry or be hurt. Even though it takes a lot to make me cry and my mom calls me “Hard Hearted Hannah.”
– How to be a good hostess. My mom is definitely the hostess with the mostest.
– That you can never be overdressed. She has always said that it’s better to be overdress than under dressed.
– To buy clothes/accessories that are timeless and classic. Trendy stuff is cute now, and you can buy those cheap. But you can never go wrong with investing in classy pieces that will never go out of style.
– That when you’re shopping, if you don’t LOVE something in the store, you won’t love it when we get home. Only buy something if you absolutely can’t live without it. If you can, it’s not worth buying.
– How to put your family before yourself. (Most of the time.)
– How to be a good wife, but to never let a man walk all over you. That you should be in a partnership and friendship with your husband, not a servant.
– How to balance having a full time job and being a full time mother. And how to kick ass doing it, might I add. My mom showed me that you don’t have to be a stay at home mom to be fully present with your kids. Even though my mom always worked full time, as does my father, she was always there to drive us to school and was at all of our events and home every night for dinner. My parents did an amazing job of balancing both things. My dad goes to work super early in the morning so that he was off in time to pick up my brother and I up from school and be there with us at home every afternoon. They really were the ideal balance of being there for us so that we weren’t always in daycare. They’ve shown me so much as to how I want to raise my own kids.
– How to do home-improvement/DIY. Yes, my dad has also taught me a ton of stuff about this too, but my mom showed me that she could do it just as good, and sometimes better (sorry Dad). She didn’t need to wait for him to help her get stuff done. She would just take matters into her own hands and I love that. I’d come home sometimes to her ripping out walls or re-tiling something. It’s kind of crazy when you think about it but my parents always did that kind of stuff themselves. I love knowing that I don’t always have to hire someone to help me with that stuff. And that I don’t need to depend on a man either.
– How to be strong. I won’t get into the details, but as a mother and a woman, my mom has been through a lot that most women haven’t. She has taught me how to hold it together and be strong for those around you, even when you feel like crumbling. I’ve witnessed my mom go through some rough situations and because of her strength and composure, I’ve learned to handle situations differently and be able to be the calm in the storm (most of the time). While I’m still mastering this, as is my mom (yes, she does lose it from time to time. She’s human) I have a much better grasp on it as I’ve gotten older because of her.
– That god deals you the cards you were meant to have. That he puts you into situations because he knows you’ll be able to handle it. Yes, some of us are dealt a difficult hand, but maybe it’s because he knows that others wouldn’t be able to handle it and come out on the other side. My mom has instilled in me that everything happens for a reason and what is meant to be, will be. I firmly believe in this.
– That being positive can affect everything around you. What you put out in this universe, is what you’ll get back.
– That a pair of black pointed toe pumps need to be in your closet. I’m still on the hunt for the perfect pair.
– To dress for the job you want, not the one you have.
– To not live above your means.
– That sometimes, to save face, you need to grin and bear it.
– That there will always be people in this world you don’t do their job or don’t put in the work and they’ll get away with it. But that I should not be one of those people. Those skimmers don’t get far in life and you need to work your ass off and hustle every day in order to have the things you want in life. Because NO ONE is going to hand them to you.
– How to be a good baker.
– That “thank you” cards are always a must.
– How to do winged eyeliner.
– How to swear like a truck driver. 🙂 Sorry but it’s true.
– How to be a good person. I’m still always working on that one but through her example, I’m getting there.
There are so many other things that I learn from my momma every day but if I continued we’d be here all day. Love you mommy!