Your twenties might be a time where you decide to switch careers, plan a big adventure or travel. But this carefree attitude doesn’t apply to all areas of life. In fact, your early twenties are very important for building a positive credit score for the future.

A new study by Credit Karma found that two-thirds of young adults commit at least one credit slipup before they turn 30. Defining a credit slipup as overspending on a credit card, missing payments, having an account sent to collection or defaulting on a loan, the impact of a low credit score can be felt for a long time.

“ Your credit score plays a critical role in your overall financial life, and has a direct impact on whether or not you’ll be a approved for a credit card, car loan, a mortgage and at what interest rate and terms,” says Chris Young, Principal at Cassaday & Company, Inc.  He continues that it can also influence home and auto insurance premiums.

“It’s imperative to understand that an “I’ll fix it later” strategy is not a good one and it could significantly impact your quality of life in the future,” says Young. “Fixing a credit score can be a tedious process and can prolong your goals and dreams.”

However, having a good credit score is something that is entirely within reach for most young adults. It takes education and good personal finance habits.

Often, the cause of a missed payment is messy finances,” says LaTisha Styles, founder of Young Finances. “Evaluating what is behind the slipup can not only help to prevent it from happening again but it can help you see the big picture of your finances.”

And, according to Credit Karma, education is a big part of a smart personal finance.  Two-thirds of young adults said they did not properly understand credit scores when they received their first credit card, with 73 percent saying that better personal finance education would have helped them from making credit-related mistakes.

To avoid overspending on credit cards, Styles recommends using your credit card as a budgeting tool viagra per nachnahme kaufen.

“Create a budget of what income comes in and what expenses go out. Then, instead of paying cash for one of those budgeted items, use your credit card. Once the bill comes due, pay it in full,” says Styles. A traveler, Styles is a believer in utilizing credit card reward programs, something that is only possible with a strong credit score.

Always plan for a brighter tomorrow.