New-Gen Money
Bio
My name is Darian, and I'm here to help fellow Millennials/Gen-Z's reach their financial dreams
Stories (2/0)
How You Can Start Saving
If you’re still living at home, and your parents are flipping the bill on your food, electricity, maybe even your phone and your car if you have one, take full advantage of it. Take that time to save your money and create projects that could generate more income for yourself. Even if you still have some overhead at home (such as I did), it’s still most likely less than you’d be spending out in the world. Thank your parents for covering any of your living expenses. When I got my license, I had to pay a portion of my car insurance. Later, I also would have to pay for my clothes (which I cheated a little by just putting certain clothes on my Christmas list), and I’d pay a portion of my personal electricity use. Was I spending $150 per month on bills when I was 18? Yes, but it was still a fraction of what I’d need to pay to live on my own. This is probably the best way to start saving without needing to work full time, though I always recommend you can work full time if you can. Just don't compromise your education—that’s still important.
By New-Gen Money6 years ago in Lifehack
