Adults should be responsible for managing their finances, regardless of the generation they belong to. Whether they are employed or running their own business, they need to know how to budget their money to avoid financial difficulties in the future.
With regards to the millennials who are considered to be more aggressive in pursuing their goals and are very independent, they also need to ensure that they know how to spend their money wisely and save at the same time. A positive attitude towards finances will help them achieve their personal and professional goals with little difficulty.
Sometimes it won’t hurt to apply for a personal loan or get a credit card as long as you know how to pay back on time. A personal line of credit from MoneyKey, for instance, will be very helpful notably during emergency situations.
If you need inspiration and you have the desire to gain additional financial education to succeed in life, here are blogs worth following.
Broke Millennial is a blog run by Erin, a millennial herself who has learned the wise ways of spending and saving for her retirement despite her meager wage. This Generation Y woman who now lives in New York City created the site to improve the financial literacy of her fellow Gen Yers through stories based on her personal life and some actual lessons on money management. Her primary goal is to help the young people in their 20’s learn the best ways to spend less, save more and stay away from money woes.
This blog also provides financial advice and tips written in an interesting manner.
Created in 2010, the Young Finances blog is authored by LaTisha who aims to share the financial lessons she learned in her career. Backed by a financial degree, the author’s goal is to help people particularly beginners manage their finances well.
As one who also experienced difficulties in her young life, LaTisha thought it best to start a blog that would become a useful resource for college graduates and young professionals. Her site also offers videos in addition to her written posts.
The Budgets are Sexy blog is another site strongly recommended for millennials. Authored by J. Money considered to be one of the most popular finance bloggers, the site provides valuable financial information meant for all age groups.
What makes this blog stand out are its very interesting posts injected with some humor. The author shares his personal views and experiences on money management. Topics covered on the blog include budgets, debts, saving, family finance and net worth among others.
Run by Michelle who is a writer and successful entrepreneur, the Making Sense of Cents blog offers lots of useful personal finance information from budgets to saving, earning and debt. It features how-to posts with tips to help people manage their finances.
With an MBA degree and vast experience in the financial services industry as a financial analyst, Michelle knows what she’s writing about and her blog is truly a great resource to turn to.