Home > NewsRelease > Biggest mistakes Millennials make with their money:
Text
Biggest mistakes Millennials make with their money:
From:
Ilyce Glink -- Financial Wellness Expert Ilyce Glink -- Financial Wellness Expert
Chicago, IL
Wednesday, March 4, 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.
 
Pickup Short URL to Share
News Media Interview Contact
Name: Ilyce R. Glink
Title: CEO, 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
Jump To Ilyce Glink -- Financial Wellness Expert Jump To Ilyce Glink -- Financial Wellness Expert
Contact Click to Contact