Personal Finance Mistakes Millenials Make
These are some of the main personal finance mistakes millennials make, according to FinanceBuzz.
- Not investing enough of their money
Millennials need to invest consistently and with enough to ensure that they can retire comfortably.
- Overpaying for car insurance
Car insurance is expensive, millennials should shop around to make sure they are getting the best coverage for the lowest cost.
- Not getting life insurance while they are young
Life insurance companies analyze factors such as age, health, and weight to determine rates. Getting started when you're young can provide you a significant advantage.
Not using credit cards and neglecting cash back
Not negotiating on bills or utilizing apps like Truebill.
Not planning for emergency expense situations or savings.
These are just some of the most common mistakes that millennials make.
You can find the full list here.