Create a budget now! Knowing where your money is going to and coming from will help when saving towards buying a home, investment property, or another major purchase. I typically use Microsoft excel to organize my monthly income and expenses. Simply keeping track of how much money I spend makes me aware of how much I'm willing to spend for the month.
For example: I like most people in their 20s can easily spend $50 or more on food and drinks during a night out. This can add up quick over a few weekends. Being aware of this spending habit is the first step to getting your budget on track. I'm not saying you can't go out and have a fun time. You definitely should! Perhaps instead eat a home cooked meal before heading out to cut that bill in half and then celebrate the night out as well as saving money from not getting a $20+ meal for the night. Utilize those leftovers too!
Doing this will help develop another skill as well. COOKING! Everyone should know how to cook and to quote the great chef Gusteau "Anyone can cook" (with a little effort). Start with finding a few simple recipes you like then slowly begin exploring new dishes.
Furthermore, being disciplined with your budget will make saving and investing in the future much easier. Don't forget that everyone has a budget that fits them. So, work the numbers to fit your personal long term goals as well as your short term goals. As long as you're taking action to save xxx amount of money you're on the right track.
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