Generation Y has a nasty recession-based hangover, and it’s left us stuck between a rock and hard place. For the first time in over a century, more 18 to 34 year olds are living at home with their parents versus any other living arrangement. Consequently, the number of 18 to 34 year olds who own a home has shriveled to a 30-year low. Real estate experts have been waiting rather impatiently for … [Read more...] about 3 Things Millennials Need to Know About Buying a Home
Everyone has a time in their life where they need to make a big purchase but don’t have enough money. So, we save up and hope that we can afford a down payment on that new house, or that new car we’ve always wanted, or a new washing machine! Bearing that in mind, here are three easy ways to save for a big purchase: 1. Lower All Of Your Utility Bills When you’re trying to save money, your … [Read more...] about 3 Easy Ways To Save For A Big Purchase
No one knows what’s coming around the corner. We wish that all of life’s little surprises were but a happy footnote in an otherwise secure existence. But that’s just not always the case. Sometimes one of those hard turns isn’t only emotionally difficult, but a financial liability as well. We all live with risks to our finances that we might not necessarily be able to stop. What we can do, however, … [Read more...] about Expect The Unexpected With Your Finances
Debt is unfortunately something most millennials are all too familiar with. I’m not sure about you, but I didn’t learn much about personal finance and managing money in high school. I only took two math classes in college and neither of them taught me anything about managing money. We learned more important things that we would use every day like the quadratic formula for example. I’m glad that is … [Read more...] about Good Debt vs. Bad Debt: What’s the Difference?
Leaving home and finally getting your own place is an exciting thing for pretty much anyone, even if you’re a Millennial living in this difficult economic climate! If you’re about to move into your own home, here are some tips to help you with your finances. Save Your Money First of all, it’s crucial to make sure that you save a good chunk of your money every month. It might not … [Read more...] about How To Stop Yourself From Going Broke When You Leave Home
Having the right money mindset is important — not only for your present self but also for the future. Only by changing your money mentality from spending to saving will you be able to achieve your goals in life. Whether you are looking to start a new business, build a nest egg for retirement, pay off your student loans, or be in a position to take a trip abroad whenever the fancy strikes … [Read more...] about How to Change Your Money Mentality from Spending to Saving