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

4. Not being insured

It is a costly mistake to bypass insurance. You may think that you do not require it, but it could be beneficial in case of an accident that places you in a financial bind. Medical and auto insurance are quite important. Also, if you are renting or owning a home, you could consider insurance for homeowners or renters as a safeguard for your belongings.