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

5. Living beyond your means

This simply entails spending a higher amount of money than the amount you make. If you live within your means every month, you are on your ways to building wealth. However, we often feel that we are depriving ourselves in case we have to do without what we think all people are having. Spending beyond your means is unsustainable because you will soon see bills begin piling up. Appreciate and be happy with what you can afford. Therefore, your 20s should not be characterized by spending extravagantly. Simply spend less and you will become financially free instead of trying to keep up with the Joneses or engaging in what Robert Kiyosaki in his book Rich Dad Poor Dad calls a rat race.