2006 doesn’t seem like it was ten years ago. I can remember parts of that year vividly. I was a third-year student at SSU. I was literally having the time of my life. Ten years later I think about the good times that I was having and can’t help but wonder how they could have been better. My financial was situation was great at 22. I was working at The Lady & Son’s Restaurant and selling mixtapes on the side. Somehow I still ended up in debt. If I could go back in time, there are a few things that I’d tell my 22-year-old self. In this post, I will share three of them with you.
Save more money
I’ve said this once, and I will say it again. I wish I would have saved more money back then. I had a little bit of money saved, but it could have been so much more. I had a messed up way of looking at money. Since I had a job and a side hustle I figured that I would just save later and that I’d be alright. The crazy thing is that I was all right doing that from 22-24, but once I graduated I needed more money because I had bills and student loan debt that now needed to be paid. If I would have been on my game at 22, I know things would have been different.
Those student loans will have to be paid back
Of course, I knew that the student loans had would have to be paid back, but at 22 I didn’t care. I thought I had all the time in the world. I figured that once I graduated from college, I would be able to get a good high paying job and knock them out in a year or two. Little did I know that I would graduate from college in 2 years straight into a damn recession. The economy was horrible. I’ve discussed on here before how I struggled the first couple of years after graduation. In hindsight, I would have applied myself more so that I could have regained my Hope Scholarship. That scholarship money would have allowed me to be in less student loan debt. I probably would have never been introduced to that crazy lady named Sallie Mae.
Pay off your credit card each month
I didn’t go splurging with my credit card back in the day. I used it to book trips occasionally and at the bar every once in a while. I should have used the money that I was making at my part time job to pay the credit card off each month. There was no reason for me not to do that. I guess it was a lack of knowledge.
I’m sure I made more mistakes at 22 than just those As a matter of fact; I definitely did, but they aren’t financial related, so I’m just going to keep them to myself lol. Seriously, I’m thankful for growth and maturity. Those money mistakes happened for a reason. They helped me become the person that I am today.
What is one thing that you would tell your 22-year-old self about money?