18 Money Tips For Broke Millenials #Best Education Page #Online Earning

in this day and age it's almost

impossible not to go broke at some point

in life especially when you're a

millennial our lives are based on a

lifestyle which no other generation can

quite understand once the new iPhone is

released will queue in line for days

just to be the first ones to have it

whatever your favorite celebrity is

promoting we want that too and we'll

also be the first to try out that new

restaurant that opened down the street

just so we can post it on Instagram

hashtag my life is amazing with

pressures to keep up with what's trendy

and the pressures from social media

we often have no choice but to open our

wallets or swipe our credit cards to

feed our desires if you're not careful

you'll probably end up broke or heavily

in debt so in today's video we will

share with you 18 tips every millennial

should follow to avoid this dreadful

financial situation but just before that

make sure you press that subscribe

button and enable notifications now

let's begin 18 have a budget if you live

alone then you probably pay your own

bills you'll find that most of these

bills are recurrent either daily monthly

or yearly the very first step is to know

what you need to pay by listing down all

your bills and expenses then setting

aside the relative amounts next to each

bill you need to pay by doing this

you'll be able to know exactly what you

need to live off and plan your money

accordingly a deeper understanding of

your needs and expenses is crucial to

managing your finances and accumulating

wealth 17 keep an eye on discounts I

know it might sound ridiculous but chase

every coupon code and discount available

they can really save you a lot of money

you may have heard this a lot before but

brushed it off and that's why you're

broke we're not telling you to go all

extreme like the cheapskates on TLC who

hoard newspapers and magazines for

coupons but instead why not buy major

items when they're on sale for example

if you need to buy or change your sofa

do it win IKEA or whichever other store

is running a sale you'll find that the

same item can have a discount of up to

50% sales like Black Friday and Cyber

Monday are meant for you so take

advantage of them

16 build your career do you have a

career plan do you know where you want

to be in the next 5 years

well if you don't then this is

the right time to start planning

especially if you're broke depending on

the career path you want to take whether

it's to become an entrepreneur or climb

the corporate ladder you need to sit

down and build it the first step is to

determine what resources or skills you

need then identify ways to acquire them

once determined you can now proceed to

either applying for your dream job or

starting your business the only way to

get out of your broke situation is to

build your career which will in turn pay

you back and relieve you from your broke

situations 15 start a side hustle in The

Times we're living in it's almost

impossible to solely live off one income

stream that's why you need to create or

find another source of income especially

if you're broke whether it's walking

dogs or babysitting or any other paying

psychic you have to take up an

additional source of income today it's

even easier to get a side gig with all

the available freelancing platforms such

as up work and freelancer the options

are endless 14 go on a cash diet the

cash diet is the sort of term for

juicing for the financial world in fact

anyone who isn't financially stable

should try it

this diet involves walking around with

cash and paying for everything in cash

there's only so much cash you can have

at any given point meaning your spending

will be limited in this day and age of

digital money and instant loans you can

get everything you set your eyes on

instantly this leads to impulse buying

and unnecessary expenditures I know

you're probably thinking oh how will

this be possible I buy everything online

but guess what

that's the reason you're broke do

yourself a favor and cut your credit

cards up you can thank us later thirteen

why take this one with a grain of salt

lying isn't right but in some

life-and-death cases it is really

necessary to avoid the impending death

of your financial being and you ending

up in debt you need to be a creative

liar

say you're planning a wedding come up

with creative ways of saving costs call

the venue you're hiring for the event

and say you're organising a family

gathering instead do the same with the

decor and other service providers you'll

be surprised with the cost difference

and potential money saved 12 start

saving put aside the little you have

make sure you set aside part of what you

have however little they say saving is

the golden ticket to financial freedom

and

is indeed but what matters most is

building that savings muscle you can

save this month and maybe the next then

end up spending everything by the third

month and breaking the cycle however

when you build a routine you end up

saving consistently over a long period

of time this pile of money stashed away

will build a foundation to grow you

financially 11 start investing once

you've saved for a while it might be

time to start investing you can seek a

financial advisor at this point to help

you determine the best opportunities

around you create a small portfolio made

up of your investments and watch your

money grow this is the only way you can

multiply your little savings into a lump

sum 10 take financial courses you may

not have all the time in the world with

a 9 to 5 job in a side hustle but you

can still make time to learn something

new especially if it's about your

finances today there are so many

financial gurus offering courses for as

little as a couple of dollars however

before you start find out who the course

creator is read their profile and find

out if they're certified there are so

many crooks out there looking to make a

quick buck so be wise and do your

research diligently 9 watch your money

just like in business how you should

know your numbers the same applies to

your finances you should know exactly

how much you have in each account at all

times if you have any loans note them

down always have a full record of what

you have the assets you own any loans

and their values this can be done by

opening an excel sheet which is free and

recording everything that you spend

money on once you have a clear picture

of your financial status you can easily

manage your money better 8 cut down on

credit card expenses credit cards are

great but only if they're well-managed

how you pay them off will determine your

credit score the credit score is

important because it informs all

financial institutions on your credit

worthiness and alerts them on the

available loans and interest rates

applicable to you so you have no choice

but to manage each card you have

accordingly always pay interest when

it's due only use your credit cards for

necessities never use your credit cards

for any impulse purchases and constantly

check your credit score to review your

performance 7 pay off loans if you're

broke chances are you have debt create a

list of all the loans you have and the

interest rates on each of them once done

arrange them from the one with the

highest to the lowest

then finally start paying off the lowest

first research shows that paying the

lowest rated loans first gives you the

motivation to pay off the rest six cut

off some friends you don't need to be

friends with so many people just keep a

few friends who are closest to you

here's why the more friends you have the

more birthday parties the more gifts to

buy on Christmas and so on in short

you'll end up spending a lot more money

to please a lot more people keep a few

friends who you resonate the most with

trust us you'll thank us later

five spend less time on social media

studies indicate that social media

contributes to about thirty eight

percent of all depression cases most

people don't post their true reality on

social media in fact 80% of people fake

it you may think someone has the perfect

life with designer clothes cars and

fancy things but turns out they're just

as broke as you but in deeper debt

instead of wasting your time wallowing

over what you could have and wish your

life was this interesting and funnest

there's limit your time on social media

this can be done with apps that monitor

your screen time and block access to

your social media accounts but let's be

honest if you're broke you shouldn't be

wasting time on Instagram snapchat or

whichever other social media app you

spend a lot of time on instead use your

time to be more constructive learn

something new or find a side gig for

plan for your babies children are a lot

of fun but the last thing you want is a

broke millennial is to have babies at

this time children are expensive that's

a fact from labor expenses at the

hospital to insurance to other medical

bills you'll cough out a lot of money

raising your child if you don't have

your money right it may not be the best

time to have a child plan for this with

your partner and when your pockets are

no longer empty you can now consider

having a baby plus you don't want to

bring a child into this world to suffer

right three identify trigger warnings

find out what triggers you to spend

money some people end up making impulse

purchases under stressful conditions for

me when I get upset about anything I

used to go online and purchase

unnecessary candy or expensive

chocolates and my mind would be like oh

you're gonna spend fifty five dollars on

a designer chocolate box that's probably

not good for your waistline or pockets

once you identify your triggers find

solutions that don't involve money to

solve them this may be the hardest thing

to do but with time it gets easier

to move back home if you have parents or

guardians who can accommodate you then

it's a no-brainer

move back home you'll end up saving a

ton of money which would have otherwise

gone to rent and other utilities don't

be embarrassed about it just make the

move and do it as soon as possible if

this is something you absolutely can't

do you can always get a roommate who

will split the expenses with you one

start a retirement plan when you're

broke this may not be the first thing on

your mind but it should be part of your

grand financial plan visualize yourself

at the age of 55 yes

years into the future and picture in

your mind's eye the kind of life you

want to live how much money would you

want to have what type of house or

houses would you want to own will you

want to travel the world or do anything

else once you picture this determine how

much money you would need to sustain

your dream lifestyle after retirement

now open a retirement savings plan with

a great interest rate that will enable

you to live the life you want the power

of compounding interest plays a key role

in growing your wealth tremendously so

that little $100 savings a month can go

a long way in increasing your money

after a couple of years and finally you

should at all times stay positive just

because you don't have money now doesn't

mean it's the end of the world or that

it's your indefinite end keep your head

up always and do what you got to do

without positivity none of these tips

will work so in summary the 18 tips not

to end up broke are one have a budget to

keep an eye on discounts 3 build your

career 4 get a side hustle 5 go on a

cash diet 6 y7 start saving 8 start

investing 9 take financial courses 10

watch your money 11 cut down on credit

card expenses 12 pay off loans 13 lose

some friends 14 spend less time on

social media 15 plan for your babies 16

identify trigger warning 17 move back

home 18 start a retirement plan thank

you so much for watching if you made it

this far I bet you enjoyed the video why

don't you give it a thumbs up and save

it to your playlist so you can review it

whenever you need to also share it with

your other friends who might need this

advice your current broke situation

isn't

there's always something you can do

about it

#Best Education Page #Online Earning

online earning,make money online, earn money online, online earning, online earning sites,

 make money online free, online money income, earn money online free, money online, best way to earn money online, online income site, money earning websites, best online earning sites, easiest way to earn money online, earn money payment bkash, online money income site