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Double Life

53. Your 20s is destroying your budget

12 Dec 2024

Description

Your 20s is the easiest time to both build a solid financial foundation but also... completely destroy it. From lifestyle inflation to FOMO spending, we share actionable advice to align your spending with your long-term goals. Learn how moderation, intentional spending, and focusing on big-ticket savings can transform your relationship with money. Whether you're trying to budget better or avoid financial pitfalls, this episode is packed with insights to help you thrive financially. 00:00 Introduction 03:20 How FOMO Spending Destroys Your Budget 10:45 Breaking Free from Lifestyle Inflation in Your 20s 17:30 The Power of Setting Big Financial Goals Early 23:50 Voting with Your Money: Aligning Spending with Your Values 30:10 Small Habits vs. Big Wins: The 80/20 Rule of Budgeting 36:45 Why Moderation Matters for Financial Freedom 42:00 Overcoming the Fear of Missing Out on Life in Your 20s Don't forget to give us a rating and send us your dilemmas at: 💌 [email protected] Hosts: ⁠@farahrajax⁠ ⁠@devamsha⁠

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