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Growing up, I thought I always had a knack for being financially responsible. My parents constantly lectured me about the importance of spending within my means and saving from a young age, so I would be careful not to spend too much while out with friends, and would throw a few dollars in my savings account here and there.
But as I got older and more expenses kept popping up – phone bills, car payments and maintenance, and insurance, to name a few – the more I realized there is a lot I don’t know about managing money. Moreover, 2018 was a rollercoaster of a year; a lot happened in my life and my bank account was definitely affected.
Sound familiar? If you’re a young adult, you probably understand that turning point when life starts coming at you – fast. And sometimes these growing pains can take a toll on your wallet, that is, until you learn your financial lesson.
Here are three important financial lessons I learned in 2018:
Lesson #1: Your emotions can really mess up your finances
Perhaps one of the most important lessons I learned in 2018 is how emotions can lead to impulse decisions…