Friday, September 22, 2023
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

Why Do Millennials Often Run Out of Their Money?

Fenda Agustina by Fenda Agustina
4 years ago
in Finance News

The internet often makes millennials feel stupid, especially when it comes to managing money. Most people will run out their money to fulfill their lifestyle.

The presence of the internet makes these people often spend money to fulfill their lifestyle.

Generally, millennials cannot manage their money well. Most of them often waste their money to buy unnecessarily on unnoticed matters.

Reporting on Forbes, most of millennials do not save money for their future lives. They only think about their lifestyle.

RelatedArticle

Bank of England Paused Key Interest Rate Rise

Eurozone HICP Revision is Up 0.5% from July

OEDC: Interest Rates Should Be Kept High

U.S. CPI Rose as Oil Prices Soared

Check out why do millennials often run out of their money and how to solve it :

Entertainment, Food and Drink

If you are a millennial who is aware of money, you will certainly pay close attention to a lifestyle that is run strictly.

Most millennials will spend money to eat in fancy restaurants, or drink in a comfortable place to simply exist on social media.

If this is done once a week with just one go away you can spend a lot of money just a week.

Then, what should you do?

If your friends are constantly going to parties / eating / watching movies, let them know that you are trying to save money.

Some friends want to share everything with you, including their financial irresponsibility. Choose friends who will continue to build you for the better.

Expensive Cars

Everyone certainly wants to have a luxurious and expensive lifestyle. Millennials are people who like to show off their wealth, especially cars.

They tend to buy new cars to simply show that they are capable. It does not mean you should not buy a car. You can buy a new car based on your capability.

What should you do?

You should think for the future. A sports car might be very prestigious. However, will it satisfy your feelings many years from now?

You can wear all the expensive brand clothes and buy luxury cars to go to parties where rich and famous people are there.

But if you think that it’s not worth the cost, do your research and look for a used car.

Additionally, you must buy from someone you trust or someone who has a good history of managing a car.

Rely on One Income

From a young age, you must be told to go to school, get a respected degree, get a job, pay off loans, and die.

Sure, that sounds simple, and this is a great way to live, but if you were born in the 1950s.

Some millennials are trapped in the past, in the traditional way of living life.

Did you know that, you can generate many streams of income? You should avoid to depend on one income as your main source of income.

What should you do?

Don’t think that your degree is the only ticket for you to earn income.

Try to do some freelance work that gives you freedom in time and place. Your life is too valuable to be enjoyed in mediocrity.

Read more: 4 Simple Ways to Manage Your Finance Well

Tags: financefinancial tipslifestyleMillennialsMillennials run out their moneymoney
Fenda Agustina

Fenda Agustina

"An investment in knowledge pays the best interest." - Benjamin Franklin

Related Posts

Bank of England Paused Key Interest Rate Rise

by D. Atika
September 21, 2023

Following the U.S. Federal Reserve System (Fed), the Bank of England has also temporarily stopped raising its key interest rate....

Read more

Eurozone HICP Revision is Up 0.5% from July

by D. Atika
September 19, 2023

The August consumer price index (HICP revision), which shows the economic sentiment of 20 eurozone countries, rose 5.2% year-on-year, the...

Read more

OEDC: Interest Rates Should Be Kept High

by D. Atika
September 20, 2023

The Organization for Economic Cooperation and Development (OECD) insisted on the 19th (local time) that central banks in each country...

Read more

U.S. CPI Rose as Oil Prices Soared

by D. Atika
September 13, 2023

With international oil prices hitting a yearly high day after day, the U.S. Consumer Price Index (CPI) growth rate exceeded...

Read more
Load More
Next Post

Huawei Added $1.5 to Invest on Developer Program

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • The Fed Maintains Key Interest Rate

    0 shares
    Share 0 Tweet 0
  • 5 K-Dramas to Watch for Some Money Lessons

    0 shares
    Share 0 Tweet 0
  • Projecting Investment with Alpha Approach Pt. 2

    0 shares
    Share 0 Tweet 0
  • The Pros and Cons Using Western Union

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In