Tag: Financial mistakes made by millennials

Most Common Financial Mistakes Made by Millennials
Personal Finance

Most Common Financial Mistakes Made by Millennials

Millennials are considered to be irresponsible and deemed so by boomers. Millennials might have different ways of doing things but that does not make them irresponsible. Yes, they make mistakes but it is just like any other generation who went through a learning curve. Making mistakes is a huge part of the learning process. Here are some of the common financial mistakes that are made by the millennials: Having Massive Credit Card Debt One of the initial challenges young adults face when they start earning is to buy everything they dreamed of in their college years. This leads to buying material possessions which exceed the savings of most young adults. These goods are usually surplus to needs and one ends up paying more than its actual cost of it over time.  When you’re young...