The late 20s and early 30s years are a special stage in your life, free from the adolescent and post-teen anxieties and uncertainties. During this time, many critical life decisions are made, including, but not limited to marriage, career choices, jobs, savings, travels, investment, child bearing, housing and more. It is a stage where almost any financial blunder is likely regretted later on.
5. Not having money talks with fiancé when you're planning to get married.
It's not a fun or easy conversation to have, but discussing your personal finances, spending patterns, and financial plan with your partner is crucial. Couples often have this conversation too late in the relationship (or not at all). By the time they're finally sitting down to discuss it, there's already a big emotional investment in the relationship, which causes couples to overlook major financial differences.
The conversation must happen, and the earlier the better. First, you have to understand the financial background of your partner, which allows you to understand how they make financial decisions. Next you can move into the conversation about whether or not you want to separate finances if you're both working; if you decide to combine them, you must agree on how to spend the joint money.
4. Spending too much money on the wedding.
According to a research by Aza Hub, too many people are spending an absurd amount of money to have a huge wedding. Today, the average wedding costs a whopping over N5m.
It is recommended to host a smaller wedding, and using the extra money to put toward a down payment on a house. Pulling off a great wedding under N2M is possible if you plan on a budget.
However, it does come down to personal preference; if a big wedding is important to you, that's fine — just start saving for it early on.
3. Going all out on the first child.
When the first child comes along, what tends to happen is that new parents will overspend on top-of-the-line cribs, bottles, clothes, and nursery accessories. Spending issues that we tend to see in 20-somethings will level out until the kids come along. And then it explodes.
You want to raise your child in a comfortable environment, but check yourself before dropping a couple grand on that fancy stroller and draining your savings, as there are bound to be unexpected costs to arise. To get an idea of what you might need to cover, read about the costs new parents didn't see coming.
2. Overspending on wrong assets or liabilities like cars.
Wrong assets like fashion items that will fade or go out of fashion quickly is another mistake. Another area the experts see overspending is cars. People get bored with cars quickly. They always want a new car and so they're always dealing with a car payment. But it's a hugely depreciating asset. You don't want to be putting a lot of money into something that's going to be worth nothing after a certain number of years. Another example is expensive phones.
Why not make sound financial planning and invest for the future rather than waste so much on wrong assets or even liabilities?
1. Assuming you'll have more money in the future.
While optimism is a good quality to have, too much optimism can be dangerous, especially when it comes to money. People tend to assume they'll be making significantly more money in their 40s, which they use to justify overspending in the present moment.
The rule of thumb should be to live below your means. If you can't afford to buy the new car, then buy certified pre-owned. Savings first should be your mentality: Save for retirement first, and spend with whatever is left over. What people typically do is the opposite of that, thinking,
NO! That is wrong!'I've got to buy this, this, and this, and whatever's left, I'll save.'
Pay your future first, and make sure your present is secure."
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On point 
