This is another personal finance piece that I wrote for Investopedia's FinancialEdge website.
One of the best things about being a young adult is that you are starting fresh and you can finally decide how you want to live your life. Good decisions made here can make decisions later in life quite a bit easier.
The downside to being a young adult is that the mistakes made early in life can have long-lasting repercussions and lead to expensive "must-fix" situations down the road. One of the best ways to establish good habits and a good beginning to your financial life is to evaluate your spending and build a budget. (Your pals are great, but they may be leading you into financial trouble. Don't miss The No.1 Budgeting Tip For Young People.)
The full article can be read at:
http://financialedge.investopedia.com/financial-edge/0610/Custom-Budgeting-For-Young-Adults.aspx
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