Moneyadviceblog » Moneytitle_li=Accountstitle_li=Budgettitle_li=Budgeting » Dumb Ways to spend your money in your 20s

Your twenties are the time for you to have fun, discover the world, go out and make friends. However, because it is the time of our lives when most of us gain absolute independence and are legally allowed to drink, it is also the time when we spend money whenever we want. It is the first time in your life when nobody can tell you what you can or can’t do with your money, and this is usually why some, if not most of us, go on spending sprees. I get it; I just finished college, and I also have spent my money without a care in the world, but it is something that we should be more conscious of. So, come along with us and learn some of the stupidest ways you can waste your money in your 20s.

Cable and home entertainment


Let’s be honest for a minute; with all the streaming out there right now, it can be really easy to overspend your money on them. Do you really need to have Netflix, Hulu, Viki, Disney +, Roku, Shutter, and Amazon Prime? Are you using all of them to make them cost-effective? The answer is most likely, and you don’t need all these streaming platforms in your life. One thing you can do to cut down the cost of cable and streaming services is to have a friend group where everyone pays for one streaming service. You can share the same account, like this, it is more cost-effective and you can have all the series you want and both your friend group and you are saving a considerable amount of money. If this is not an option, there are always bootleg and illegal websites out there where you can binge-watch your favorite show!

Prime shipping


Is it really worth it to pay more for something to get it the next day when you can get the same thing in a few days time at a lower cost? Amazon prime is great, and all but are you that using it that much? If you live in a rural area, I get it as it can take time to get your delivery, but if you live in a city, it is most likely than not a waste because you would usually get the thing you bought within a week or two less with regular shipping. Let’s not start with Uber Eats or Grubhub, if you use them once in a while, that’s fine, but do you need to Uber Eats McDonald’s every single day? First, this is not good for your health, your wallet and the environment. I know it is hard, but try to cut down on your Uber Eats order and try to prepare some homemade meals; if you can’t cook like me and survive on ready-made food, then don’t order it, but rather run or jog there and get the food yourself. This is good for your health and can act as your daily dose of exercise.

Gym memberships


At the begging of the year, most of our new year resolution is to start going to the gym more, and most of us splurge by getting a full-year membership at our local gym and as great as this is and we encourage you to go on your fitness journey; however, that may be. But, a gym membership is only useful and fantastic use of money if you use them! If you don’t, it is just a plain waste of money, and you will feel guilt for not only not going to the gym but also wasting your money on said gym membership. For this, you need to be real with yourself and ask yourself if you will use it prior to paying for it. If it is a yes, then look at the subscription as motivation, and this should be one of the reasons why you use the gym. If it is a no, then maybe trade it for a pair of running shoes or a bike that will come in handy and use more often.

Sound off in the comments section below and tell us what some of the dumbest things you spend the most money on are. Personally, I’ve spent a load of money on books whose synopsis sounds interesting but were pure trash.