Easy Ways to Save Money as a Millennial
If you didn’t know, it’s expensive to live. Being an adult is paying bills that you don’t understand and being tired all the time. It seems like there is always a little too much month at the end of the paycheck. If you’re like most Millennials, you have a ton of debt, but not a ton of salary to go with it.
You probably can’t go up to your boss and demand a raise, but there are some ways that you can save yourself money, which will give you some extra dough at the end of the month.
Brown Bag It
Ah, remember the good ol’ days of taking your lunch to school? Well, it’s time to relive those days as an adult. If you want to save money, it’s time to break out your old Teenage Mutant Ninja Turtles lunchbox and take your lunch to work instead of eating out.
Sure, you can hit up a fast food restaurant and get your whole meal for around $5, that’s almost nothing! But, let’s look at that on a larger picture. Let’s say that you’re grabbing that same meal every day (although, some days are going to be much more expensive), and that’s going to equal $25 a week, which translates into $100 a month, and using simple math, it’s going to be $1,200 a year. That’s a nice chunk of change, and that’s assuming that you only spend $5 for every meal.
Netflix and Cha-Ching
Hopefully, you aren’t paying for cable. If you are, then you might as well just toss hundreds of dollars out the window every year. You probably don’t think of millennials as wasting money on traditional streams of media, but there are still millions of young adults that are paying those expensive cable bills every month. Every year, around 9% of millennials cut their cable, which is going to save thousands of dollars.
With everything that’s available on Netflix, who would be crazy enough to pay for television? Buy yourself a Roku, hook that sucker up to your TV, and enjoy that extra cash in your wallet. If you aren’t happy watching marathons of Gilmore Girls and Friends, you won’t be happy with cable.
Can You Hear Me Now?
You may not have realized when you were growing up with your flip phone, but paying for a cell phone is going to put a dent in your bank account every month. I’m not suggesting that you go without a cell phone and only use a fax machine, but you can always look for a cheaper alternative.
Once upon a time, the carrier that you had played a huge role in how good your cell phone signal was, but nowadays, the majority of carriers are going to give you all of the coverage that you need.
Now, let’s talk data plans. Let’s be honest, who uses their cell phone to call people? We’re using it to check Twitter, stalk our exes, and watch YouTube videos. Data plans are one of the biggest selling points in deciding which carrier that you’ll choose, but what you need to realize, is that you don’t use nearly as much data as you think.
With the availability of Wi-Fi just about everywhere that you go, 1GB of data every month should be enough. Make sure that you’re turning off your cellular data and don’t allow apps to run in the background. If you pay attention, it’s easy to stay under your limit, and cutting down your plan can trim down your bill in half.