Money management is one of the sexiest things to think about when you’re young and… living on planet Mars.

Not many people get a kick out of managing their money, but think about it this way – if you don’t learn to manage it, it’ll turn round to manage you.

Here are some of the most common mistakes made by young Singaporeans and what you can do to get a little more savvy with your pennies.

1. Not Having a Budget, or Not Keeping to It

Not having a budget can be very liberating, and the initial burst of financial freedom that comes with earning your first pay cheques need to be relished.

It only becomes an issue when the “celebrating your first job” just never seems to end, even when you’re five years past your …