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life hacks for your 20s


With the cost of living continuously increasing, it’s now more difficult than ever before for young people to make a life for themselves. Getting on the property ladder is more difficult than it ever has been, getting credit is tougher and even buying a car can prove unaffordable.

So, how can you make it as a twenty-something in this economically tough environment? Here, you’ll discover some great life hacks you should absolutely use in your twenties.

Start living below your means

Whether you’re hoping to save towards a house deposit, or you’re simply looking to become more financially stable, living below your means is recommended. This means spending the bare minimum, allowing you to save a little money each month.

You’ll need to set yourself a strict budget and aim never to go over it. This teaches you a lot about money management, a skill you’ll need throughout your life. It also enables you to save money towards whatever you need.

Lease a car

If you want a car but there’s no way you can afford to buy one outright, leasing could be an ideal solution. You can lease cars at surprisingly low prices from companies such as Car4Leasing.

You have a number of options when leasing a vehicle. Largely, you can choose whether you want to own the car at the end of the leasing agreement or swap it for a new lease. Both options have their pros and cons so it’s worth doing a little research before deciding which is right for you.

Consider living at home to save for a deposit

It may not be ideal but moving back with your parents for a while could help you to get onto the property ladder. There are government schemes which enable you to pay just a 5% deposit. If you were to live with your parents, you’d be able to save that 5% deposit much faster.

Build up a good credit rating

One thing you’ll want to start doing in your twenties is building up a good credit rating. These days, it’s extremely difficult to do anything without a good credit rating. Renting, getting a mortgage, buying a new car and borrowing credit all require a healthy credit score.

If you have a decent score, you’ll benefit from much lower interest rates. This is especially true when it comes to mortgages. If you have good credit, you could get a personal loan for as little as 3%-4% interest. If you have bad credit on the other hand, you can expect to pay interest rates as much as over 1000%! So, it certainly pays to work on your credit score.

These are just some of the best life hacks you should take advantage of in your twenties. It may be more difficult to achieve financial stability and afford the basic things in life. However, as you can see above, it’s definitely not impossible.

We’re very proud to bring you this feature in association with Car4Leasing. For more life hacks, please pay a visit to our lifestyle page.

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