Let’s be Honest

Whether we admit it or not, we’ve all made some unwise financial decisions. Remember that one time you spent $100 too much at the local watering hole? Or how about last weekend when you needed some toilet paper and walked out of the store with 5 bags of feel-good snacks? Or every night that online shopping gets the best of you? Financial advice and conversations of money saving tips are nothing new. We’ve all needed help at some point, the problem is its just not that simple and there’s not a one size fits all solution to saving money.

This article from MarketWatch, 7 real ways for millennials to save money (not by brown-bagging and skipping Starbucks) discusses some great rational (and somewhat brash) tips for Millennials to save money. Although it’s geared toward Millennials, anyone (of all ages) would be wise to take a look. Living in Seattle, we’re surrounded by technology, fast-paced shopping, and immediate vices, so this is advice we could all put in our pocket.

Below is the list of tips, in no particular order, for millennials (or anyone) to save money. As the 7th tip will point out, we’re all different. What works for someone else may not work for you, so try things out and customize your habits to benefit your financial wealth.

  1. Live like a college student for a few years
  2. Skip the starter home
  3. Skip the new car
  4. Focus on your fixed costs
  5. Automate
  6. Make more money
  7. Understand yourself

Remember, we’re all living in this beautiful world of Seattle together. Help your neighbor out and share your money saving tips and what works for you below.