Late 20s and early 30s are life-changing. It is exciting (because you are financially independent) and at the same time daunting to keep pace with these changes. However, it is in your 20s when you start experiencing real responsibility for the first time. Most of these responsibilities are related to money. Like it or not, know it or not, you have to deal with it. Several young adults make money mistakes owing to lack of knowledge, which can in turn result in financial insecurity.