10 Money Mistakes you must avoid during your 20s to secure your financial future

3. Not saving for retirement

Many 20-year olds think that they are too young to begin saving for retirement. However, this is a mistake because you could begin putting money aside for your retirement at any age, but the best time to begin is when you are young. When you begin saving while still younger, you will have more time to expand your compound interest and save for retirement.
One of the ways you can use to begin saving for retirement is through contribution to 401(k) plan, particularly if they can match your contributions. It is free money added to your savings account. If you cannot access a 401(k), you could also open an individual retirement account, IRA. You should have an objective of maximizing your retirement account annually.