Post by @howtoadultschool

One of my favourite big sister finance lessons? Avoid locking yourself into large recurring expenses. Don’t try to max out your spending on rent, mortgage, and car payments to ‘get the best you can afford’. This will severely limit your financial options in the future. . Unless you’re already on very secure footing financially, taking on enormous overhead expenses will impact your ability to do things like keep an emergency fund, invest enough, or have enough discretionary income leftover to have fun. . Limiting your spending on large recurring payments will leave you with more discretionary income. It may sound obvious, but it’s so easy to want to upgrade when you’re in the heat of the moment making these large purchasing decisions. . Limiting your overhead will set you up for a life of financial ease instead of stress. . Want to learn more about understanding the true cost of owning a home before you buy it? Check out my first time home buyer’s guide, free to all Money Club members. . #financialliteracy #millennialmoney #financialeducation #homeownertips