Is your money situation holding you back from living the life you want to live? Millennials graduated with the most student debt and the worst job prospects, which is why such a large chunk of this generation are now finding that their finances aren’t allowing them to do the things they want to do.
If you’re ready to get your finances (and life) back on track, here are a few tips to make the process a little easier:
Know what you have to work with
It can be depressing when you check your bank account and know you’re not where you should be financially. But if you want to save money, you need to be able to create (and stick to) a budget.
You can use a notebook or a spreadsheet, or check out some of the many different apps available to help you set a budget (some can even track your spending and help you invest your change).
Learn to say “no”
Boomers like to say that if millennials gave up the lattes and avocado toast we’d all own our own homes. Never mind the fact that it was a lot easier to own a home (even on one income) when they were ready to get into the housing market. But there is a little truth to this advice- sometimes, you just need to ignore the FOMO and say no to the things you can’t really afford.
Luckily, there are plenty of fun things that you can do at home. Netflix is a top choice, or you can try your luck playing online games at https://www.asiancasinotop10.com/id/. If you really feel like being an adult, why not invite some friends around for a low-key dinner at home? Get everyone to bring a dish and you’ll all get to hang out without blowing your weekly entertainment budget in one night.
Understand your money pitfalls
All of us have a few things that make us spend more than we should. Whether it’s online shopping, dining out, investing in the latest kitchen gadget, or hitting the spa. It’s ok to treat yourself occasionally, but these things shouldn’t be the things you turn to when you’re having a bad day or week. Instead, hit the gym, vent to a friend, or go for a run to get rid of some of that frustration.
Pay yourself first
We’ve all heard it before, but it’s true. Once you’ve paid your bills, you need to immediately transfer your savings into your savings account. If you wait until the end of the week it’s unlikely that you’ll have anything left to transfer.