According to a survey of millennials, 69% live paycheck to paycheck. Whatsmore, millennials make 20% less money than the boomer generation at the same point in their lives.
But even though they make less, millennials tend to spend more on non-essentials than boomers did.
The most unglamorous but critical thing for millennials to do is: budget. Budgeting gives you control over your financial health.
If you’re in a relationship, budgeting together can decrease stress and improve communication. It will reduce anxiety and increase the joy in the things you do buy.
So what are you waiting for? Start budgeting!
Related: How to Create a Monthly Budget