20 Things All Millennials Should Know About Saving Money | GOBankingRates
Being a millennial is no cakewalk. The money struggles today’s 20-somethings face are bigger and scarier than those of past generations: crippling student debt, an overly competitive job market and an economy still recovering from a recession.
On the other hand, these tough fiscal and economic circumstances have taught Generation Y valuable money lessons the hard way, giving millennials a greater inclination to save and a more frugal approach to money management.
This focus on savings can be a huge leg up for millennials. A well-padded savings account will enable you to achieve your most important goals and dreams, and keep you free of financial nightmares like debt, bankruptcy, back taxes and bad credit — if you do it right.
Here are 20 things you should know about saving money in your 20s to help you establish a strong foundation for financial success now and decades to follow.