4 mistakes I see millennials make with their money - Business Insider

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, which are all weighted differently. Your payment history as well as the amounts you currently owe matter the most.Make all your payments for credit cards, loans, and other debts on time, and pay the full amount due. Don't carry balances if you don't need to, since this can drag your score downKeep your credit utilization on credit cards to 30% or less at any one time .

To a degree, that might be reasonable; many employer-sponsored plans or benefits come with a vesting schedule requiring you to put in so many years of service before you get full access to the perk. Even with a vesting schedule, your contributions are always yours, so it's worth taking advantage of the benefit for as long as you can — whether that ends up being one year or 10.The most common mistake I see millennials make is figuring out how much house they can afford and then purchasing a home at the tippy-top of that range.afford the purchase and it just happens to be at the top end of your budget.

 

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