Personal Development

Best Ways To Invest Money In Your 20s

Your 20s can be your best years - especially if you use them to set a good foundation for your future. Here are best ways to invest money in your 20s.

Your 20s can be your most confusing years, and in most cases, you could end up making a number of bad decisions that you might come to regret later on.

However, some of us manage to make the most of our 20s based on how we choose to spend them as well as what we choose to spend our money on.

Here’s a list of six things that you should consider spending your money on at this age so as to make the most of your 20s, as well as set up a good foundation for your future.

1. Travel

Friends On Road Trip Driving In Convertible Car

Aside from all the benefits of travel, it is also a wise financial investment. Not only is it something that you’re bound to never regret spending money on, but it’s also guaranteed to give you your money’s worth over and over. Visiting different countries and learning about different cultures is the best way to develop an open mind.

It also gives you a new appreciation of life and the world we live in generally. Seeing as life gets busier and busier as the years go by, traveling is probably easiest and most convenient in your 20s, so make the most of the time you have now and explore the world!

2. Family and friends

When spending money, it’s easy to overlook treating our loved ones every now and then, since we already spend so much time with them. However, it’s important to occasionally put some time and money aside, which should be spent on taking a family member out or buying a gift for a friend.

It’s easy to convince ourselves that such gestures don’t mean much, but when all is said and done, it will be these moments that our friends come to cherish and remember for years to come.

3. Education

Attractive Young Woman with Red Hair Working from Home

Despite the rough start some of us have with school, most of us grow up to appreciate the benefits of education and even begin to enjoy it along the way. As we get older, and start to enjoy learning, we realize more and more the value of gaining more knowledge—especially in fields that interest us.

It’s no wonder so much money is spent on education, be it in higher learning or taking classes in extracurricular fields such as sports and playing instruments. This is a field worth investing in, not only for the financial benefit it will bring you later on in life, but also—and more importantly—because of the personal development it gives you as an individual.

4. Experiences

There’s a strong temptation to spend our money on material things so as to fit in or to keep up with trends. This is all well and good, but if the time comes when you have to choose between the latest pair of Louboutins and an exciting new experience—choose the latter!

Buying something new is always exciting, but nothing can top the feeling you get when you share a new experience with friends. It’s a great way to bond as you get to see a side of them you’ve never seen before. It’s also more likely to make it to the list of memories that you enjoy looking back at than a new pair of shoes are.

5. Keeping fit

Fitness woman doing crunches exercise workout towards the beach

Ever heard the quote, “Do something that your future self will thank you for”? Well, keeping fit is that something! It wasn’t until I turned 19 that I joined a gym. It took me a while to get used to the idea of making my way there at least three times a week and work out, but once I got the hang of it, I couldn’t stop.

Not only does regular exercise improve how your digestive system works and keep you in good shape, but it also boosts your confidence, which seeps into every other aspect of your life. For those who can’t afford a gym membership, there are now a wide variety of exercise DVDs that you can buy online and use in the comfort of your home.

6. Savings

When all is said and done, you’ll need some money to fall back on. Not many of us in our 20s will have much money to begin with, resulting in us having even less after spending it on the people and the things that are important to us, but this is where the saying, “A little goes a long way” applies.

If you can be consistent, putting away even a small amount of money every week or every month will be of great help to you sometime in the future.

Saving is a great way to learn how to be disciplined and responsible with money—two qualities that will be of benefit to you as the years go by. So, if you don’t have one already, plan to open a savings account soon with a bank that you trust, and start thinking of how much you’ll be putting into your account and how often you’ll be doing so.

What other things would you advise your fellow queens to spend their money on? Feel free to comment below with your suggestions.

About the author

Debra O.

Debra is a Media & Communications student who loves to express herself and inspire others through her writing and photography. She's also passionate about food, and likes trying out new recipes and eating out occasionally. Some of her favourite pastimes include travelling, listening to music, and sharing a good laugh with family and friends.

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