When dealing with financial arrangements, everyone has different ways. But usually young people have certain patterns that can be seen that make them often have financial problems. Usually, young people are not so good at managing finances.

This is expressed by Alexa von Tobel, CEO and inventor of LearnVest, that today's millennial youth should learn to manage finances wisely. "If you never start, it will be difficult to do it. Once you learn the basics, it's actually not that difficult."

Alexa von Tobel reveals that there are three common mistakes that are often done today's generation.

1. Spend too much money for room / board rental. Many young people choose expensive boarding or rent, more than 30% of their income. Better to choose cheap kos but quite comfortable than expensive but spend the salary.

2. Not enough to save. Do not just because you have income at this time then make you feel able to buy anything. It would be better to think about saving most of your salary, if not most, saving at least 20% of your monthly income.

3. Following the lifestyle without looking at the wallet. Many trends are currently favored by the younger generation, whether it's buying branded clothes, traveling and eating at the cafe. All it takes budget, and if it is not wise to manage finances, earnings will run out just to fulfill lifestyle.

Young people working today need to have a 'comfortable in the old age' mindset. Think about saving more money for future comfort when you can not work. Apply the 50.20,30 rule for your finances with 50% daily necessities, 20% savings and 30% entertainment.