Serious Money Mistakes Most Millennials Make (and How to Avoid Them)

How often do you take a moment to consider your finances for the future? It’s okay if the answer is never. While there isn’t a SkimmAhead notification built into your Google calendar for when you should start investing or saving, your actions now can severely affect your future financial stability. Two words: compounding interest. If you don’t know what that is, keep reading.

Even if you’ve just graduated from college and are grappling with student debt, financial experts say you’re never too young (or too old!) to pause, take stock of your situation, and draft a game plan. To set us on the right track, we asked Megan Speeth, vice president at Fidelity Investments Berkeley Investor Center, to spill about the most common money mistakes she sees millennials make—and how to avoid them. Make sure you’re not falling into the biggest financial pitfalls in your 20s.

Ready to get your financial future in order? Save the checklist below and tick them off as you progress.