I saw a joke on Instagram yesterday: “being in your twenties is mostly figuring out how your friends can afford their lifestyle.” I honestly think about that a lot when I speak to my friends who go on vacations very often and don’t really think about the future. I wonder: do they have family money, do they plan to start saving later?
Millennials have financial issues that can be addressed RIGHT NOW (before it’s too late).
I have never actually made a long list-type article, but I have made three short list-type ones:
So for my first long list-type article, I thought I would make one that would help as much as possible: quick things you can do this week to improve your financial life over the long term (and maybe forever, who knows). Here we go:
Budgeting can be tricky and can take a lot of time, but if you do it right, there is no reason why it shouldn’t work for you. Here are my 5 secrets to successful budgeting.
Answer me these three questions:
Are your expenses more than your income?
Do you have debt?
Do you plan on taking more debt or making a big expense (car, house, etc.)?
If you answered yes to any of theses questions, then you NEED a budget. If you said no to all of them, you still need a budget because one day the answer to one of these questions might be yes.