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The Biggest Financial Mistakes to Avoid in Your 20s

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If you ignore the data, you can get caught in lifestyle creep,” he says. Allowing lifestyle creep as your career grows “On social media, everyone seems to be traveling and going out to amazing dinners,” Raimondi says. If that’s not possible within your budget initially, you can work toward this goal over the course of a few years.

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The Biggest Financial Mistakes to Avoid in Your 20s

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If you ignore the data, you can get caught in lifestyle creep,” he says. Allowing lifestyle creep as your career grows “On social media, everyone seems to be traveling and going out to amazing dinners,” Raimondi says. If that’s not possible within your budget initially, you can work toward this goal over the course of a few years.

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Do Women Need to Save More When Planning for Retirement?

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Negotiate for a higher salary. Not only does getting a higher salary mean you can contribute more to your retirement accounts, but your Social Security payment is based, in part, on your highest 35 years of earnings. Just don’t let your lifestyle negate your increase in pay. Invest your money.