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5 Ways For Millennials to Save Money This Month

Recently I came upon a statistic that said roughly 47% of Americans would not be able to cover a $400 emergency. I’m going to guess that number is higher for millennials than older generations. A $400 emergency could come from so many avenues: vet bills, hospital bill, car trouble, job loss, etc. Having an emergency/rainy day fund is always important to have, just in case life throws you a curveball.

Saving money is hard, so below are 5 ways to easily save money in order to build/add to your emergency fund.

#1 Price Match

Thanks to Amazon, and other online retailers it is incredibly easy to compare prices before you make a purchase. Most stores honor these competitive prices as well. A few months back when I was looking for a birthday present I went to Toys R Us to look at Lego sets in person. The setI decided on was about $45 at the store. However, the same set was only $27 onlbatman-legoine through WalMart. Upon checkout I showed this to the cashier, and I got the gift then and there at a fraction of the price for using my phone for all of 20 seconds.
Whenever you are making a sizable purchase, do yourself a favor and run it through google first. This could save you a ton of money. The only store I know that does not price match to online stores is GNC.

Continue reading 5 Ways For Millennials to Save Money This Month

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The Goal

Millennial Out Of Debt is a simple concept. I want to provide quality tips, tricks, and knowledge to help my fellow young adults become financially independent. By financially independent I mean a number of things: getting out of / staying out of debt, understanding how to budget, saving more money, and the ability to make informed financial decisions. All without sacrificing quality of life.

This blog will chronicle my personal journey to financial freedom. Please feel free to reach out with any questions, thoughts, advice, or if you would just like to connect.

Best,
Ricky