Saving Tips for 20 Somethings


So you are in your 20’s and you want to live life to the fullest and enjoy yourself. If our 20’s have taught us anything, it’s that we never knew managing your finances would be so difficult. With soaring varsity costs, credit cards/student loan debt, and being weaned off of Mom and Dad’s dime, we think it is important for twenty – somethings to be smart about their money. The little things add up! So here are our saving tips for 20 somethings.

  1. Just because you are on a budget doesn’t mean you can’t enjoy the finer things in life, just keep an eye out for bargains when you are in the mood to splurge and sign up for your local Groupons.
  2. Stop buying prepared meals, fast food, and frozen dinners, and start making your own! Buy basic ingredients in bulk quantities and invest in some Tupperware. You can freeze individual portions and save money in the long run.
  3. Put yourself on a bar budget. Happy hours and Saturday nights out are fun, but they are a drain on your wallet. Decide how much money you are willing to spend when you are out on the town and try carrying that amount in cash. It will save you from spur-of-the-moment decisions involving a super tasty-sounding cocktail and your credit card.
  4. Public transport got you down? Try biking around town instead. And if you are living in a city, see if there is a bike sharing system. You will cut costs on gas, metro rides, bus fares and you’ll get in a work-out without the gym fees.
  5. Don’t take any more money with you when you are leaving the house than you want to spend. This applies for groceries, going to the bar, travelling, and etc. draw that money out in cash and try not to exceed that budget. Usually if there are emergencies or exceptions, credit or debit cards are handy but having a physical amount of cash lets you remember your limitation as a concrete number rather than some vague round-up.
  6. Learn how to do your own nails. Buy a good manicure set and a few nice nail polish colours: a BOTTLE OF Essie nail polish costs less than R150, which is about the cost of an average manicure. Get a few eye-shadow brushes for your makeup and some 100 percent acetone to help clean up around the nail beds. You would be surprised how much better your nails look if you can touch them up when you are done.

Do you find our saving tips for 20 somethings helpful? What are you doing to save money? Tweet us @NationalDebtAdv

Free Call Back Form

We'll Contact You!

"*" indicates required fields

Accept terms and conditions?*
This field is for validation purposes and should be left unchanged.

Related posts

Simplify Budgeting with the 50 30 20 Rule

Simplify Budgeting with the 50 30 20 Rule

In today's economy, where 75% of South Africans are concerned about the constant increase in the cost of daily essentials, the 50 30 20 rule stands out as an essential method for managing finances. It serves as a practical guide for those grappling with rising living...

Smart Shopping with the Pick N Pay Store Card

Smart Shopping with the Pick N Pay Store Card

The Pick N Pay Store Card is changing the game in how we shop for groceries and essentials. This handy card, brought to us by the renowned South African retailer Pick-n-Pay, lets you buy now and pay later, making your shopping trips more flexible than ever. It's...