Taking Baby Steps to Build Savings

Financial education almost never makes it to the top of a Millennial’s list of interesting topics. Just as previous generations in the age group of 25-40, today’s young adults often dismiss money management and financial knowledge as tedious, uninspiring, or simply too complex to spend time on. Especially for the younger members with more modest earnings, creating a money management system can seem like a huge effort for a distant payoff.
However, making a conscious effort to gain financial literacy translates into establishing greater control over lifestyle now and in the future. What’s more, because time plays a key role in building savings, the benefit of starting the wealth journey earlier makes more sense than putting it off till later.

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