I’m often asked what’s the biggest financial mistake millennials make when it comes to their finances. In the past, responses have been not getting started or paying for services they can do themselves, for less. After five years of teaching financial education, I’ve realized that one of the biggest mistakes millennials make when it comes to their finances is focusing on only one aspect of their financial journey.

When I say focus, I don’t mean assessing their overall picture and choosing a starting point with the intention of moving to the next once they’ve successfully achieved the task at hand. I mean assuming that just because one component of their financial picture is complete, their work is done and they can live financially happily ever after.

A few focus area’s millennials commonly get fixated on are student loan elimination, accumulating savings, growing their investment portfolio, and improving the credit score, but it’s important to not lose sight of your DTI.

Since my last post about how I dealt with financial shame, I heard a variety of responses from you all about what caused you financial shame such as:

  • You feel financial shame whenever you spend money.
  • Establishing and maintaining a healthy relationship with money remains a challenge.
  • You feel like money controls you instead of you controlling it.
  • Creating financial boundaries that allow you to focus on your financial goals is a challenge

There are a lot of things to focus on and sometimes it’s hard to know when and where to start.

While credit scores are important, they are only one piece of your broader financial puzzle. To make sure you’re looking at your finances holistically, try out Turbo – it will show you your debt to income ratio (DTI), which is a number important to lenders because it helps them measure your ability to manage monthly payments and repay debts.

Turbo will help you check your DTI and provide you with an overview of how you stand, financially. You can also get tips and advice in certain areas that you want to focus on to improve your finances.


The most important thing to think about when starting your financial journey is remembering that you’re not alone, and realizing that there are tons of people going through what you’re feeling right now – stay positive and arm yourself with the right tools that will help you in your journey.

This is a sponsored conversation written by me on behalf of Turbo. The opinions and text are all mine.




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Created by nationally recognized millennial money expert Tonya Rapley, My Fab Finance is a leading financial education and lifestyle blog for millennials who want to become financially free and do more of what they love.