50% of Millennials have less than $1,000 in their bank accounts. Are you one of them?
Do you recognise yourself in any of these situations?
- You are scared of logging into your bank account after a hard weekend of cocktails on (your) tab and you shut your eyes, wishing that minus big number will disappear.
- You hold your breath every time you swipe your card at the supermarket, hoping that you have exactly the right money in your cheque account.
- You wake up excited on pay day, only to find that number shrinking after having paid the bills.
- You keep clogging that shopping cart on you favorite online stores, just because you need to forget about the crushing weight that your credit debt has dropped on your shoulders.
- You keep living between the urge of suppressing the frustration of not having money through impulsive shopping, and a haunting sense of guilt that can only leave you eating nothing but beans on toast for a week.
- You keep saying that ‘money doesn’t make you happy’ in front of the mirror, in attempt to somehow feel better about the fact that you have been living by paycheck every week.
Ok, if you could see yourself in any of these situations, then don’t worry. You’re not the only one; because the truth is – the majority of people between the age of 18 -34 are on the same sinking boat.
But before we point the finger at millennials for not making enough money, like an old conservative Baby Boomer would; let’s stop and think for a minute.
Is the boat shrinking because of us? Are the Illuminati memes that keeps popping on our Facebook feeds actually true about the finance dogs laughing off their big piles of money, while we try to juggle casual jobs and full-time studying in a decaying economy?
Maybe. Or maybe not.
But while we are putting all of this energy into figuring out who has put us in this position, we are not focusing on the thing that really is preventing us from saving money.
How much do we spend on things that we barely touch?
How much do we invest into hobbies, courses and passions that help us develop new skills and build our self-confidence?
What is the ultimate goal of getting more money? To be happier, or to travel around the world?
Talking about personal finance is like bringing up politics at the family dinner table; it always ends up with somebody storming out of the conversation.
But the datas is loud and clear; we need to talk about it.
So here is this week’s video on
HOW TO SAVE MONEY.
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