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Biggest mistakes Millennials make with their money:
From:
Ilyce Glink -- Real Estate, Financial Wellness, and Personal Finance Expert Ilyce Glink -- Real Estate, Financial Wellness, and Personal Finance Expert
Chicago , IL
Wednesday, March 04, 2020

 
Biggest mistakes Millennials make with their money:
 
1. Googling for answers to financial questions. There's a lot of bad advice that has great search engine optimization (SEO)
 
2. Not paying off debts in the optimal order. Paying off the highest-interest rate, non-deductible debt is usually best, but sometimes it pays to pay down a smaller loan so you can then throw a larger amount at the next one on the list.
 
3. Not taking full advantage of the benefits offered by your employer. A 401k or other qualified tax-deferred retirement account is a great choice. But, so if a Roth 401k and a regular Roth IRA.
 
4. Trading convenience for savings. Take-out is so easy. So is Uber and Lyft. But spending $100 on Uber and Lyft over a weekend, every weekend, adds up quickly. 
 
5. Not being willing to sacrifice short-term experiences for long-term gratification. FOMO is pretty powerful, but sometimes you have to say no, especially if it means you'll be racking up debt on your credit cards.
 
- Ilyce Glink, CEO, Best Money Moves and award-winning syndicated financial columnist. 
 
 

 


Ilyce R. Glink, Founder+CEO
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News Media Interview Contact
Name: Ilyce R. Glink
Title: Syndicated Columnist, Radio Talk show Host
Group: Think Glink Inc.
Dateline: Glencoe, IL United States
Direct Phone: 847-242-0550
Main Phone: 847-242-0550
Cell Phone: 312-933-3450
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