10 Things I Wish I Had In My 20s

Hello you,
Today I look back to financial mistakes I made and also to lessons I have learned over the years. I would like others in their 20s to know the following:

You need to get a payslip (payslip) from your employee
Believe me there are people who don't get payslips and it's dangerous! You need to get a payslip because you (and your employer) must give a small amount to the state, for Unemployment Insurance Fund (UIF). You (and your employer) can get in trouble if you don't pay UIF. On your payslip, it will also tell if you will get additional deductions, and you will get information like how many leave days you have for the year. The payslip is proof of what you pay each month.

You never get your full salary out
Apart from paying UIF, PAYE (Pay As You Earn) will also be deducted from your salary and will go to the state.
Some employers also deduct an amount for medical aid or retirement annuity fund. Of course, you need to ask in advance about these things (medical aid and retirement annuity), as these are seen as benefits. If you get these benefits, you pay an amount from your salary and the employer also pays an amount out of his pocket.

Budget!
You need to know what your money is going - what you spend! Also, small things like you pay interest on unnecessary things, count.

Ten years go fast
At the time I was in matric, I had a Saver & Protector Plan (savings plan) at Clientele Life. It started with something like R100 a month. Every year the fee went up by a small percentage. The purpose of the plan was to save and also if I were to die, the money would go to my parents (I was also the breadwinner in my home at the time). Ten years later I got a payout of about R10,000 and I used that money when I went to Johannesburg. Time flies!

You will make it to stay in another province
I had to go out of my comfort zone (comfort zone) when I moved from my home in Kraaifontein in the Western Cape to the Bay of the Eastern Cape. But, I learned so much from myself and I met wonderful people. Years later I had to go to Johannesburg, because my husband lived and worked there. I think the trek to the Bay (Port Elizabeth) prepared me to go to the City of Gold.

Make a plan to travel more
You learn so much through travel and you appreciate what you come from and what you have. Also, by traveling you meet people from various cultures and you learn to respect others hustles.

Retain an Emergency Fund, or an Emergency Fund
This is much needed, because at any time there is a need and you have to pay for it. Once, I had to withdraw money from my Emergency fund to pay for a Uber taxi because there was something wrong with my car and I had to go to an interview. Also, every year you have to spend money to pay for things like your car's annual service. I'd rather pay cash than on credit.

Talk about money, especially about savings and investments
It's nice to hear how different people save or call their money. It also helps you inform what to do with your money, especially for your children's future. Apart from talking to close friends, talk to colleagues or even parents of children at the school where your children are. Also, you can talk to a professional (a financial planner) from a financial institution such as Liberty or Old Mutual, about how to invest your money.

Pay more than your instalment
In this way (paying more than your instalment) you will pay off your account faster.

Stay within your job
My hubby and I spend most of our money on travel and this does not mean we have things that others have, such as a washing machine and a fully paid car. It's so easy nowadays to see what your friends boast on Facebook and then you may feel "I wish I had it or done that"… One should intentionally do things and remind yourself why a certain decision was important in that moment. Stay in your own job because each of us has our own goals and plans. Do what matters to you.