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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
O: 847-242-0550x100
C: 312-933-3450
Best Money Moves: 
winning awards and accolades for innovative platforms and solutions. Here's why we're setting the bar for financial wellness.
 
 
Ilyce R. Glink
Syndicated Columnist, Radio Talk show Host
Think Glink Inc.
Glencoe, IL
847-242-0550