Budgeting 101: How to Manage Your Money as a Millennial

Track your spending: Start by tracking your expenses for a month to get an idea of where your money goes. Create a budget: Use the information from tracking your expenses to create a budget that works for you. Prioritize your spending: Decide what's most important to you and allocate your money accordingly. Use cash: Consider using cash for discretionary spending to help you stay within your budget. Build an emergency fund: Set aside money for unexpected expenses or emergencies. Cut unnecessary expenses: Identify expenses that you don't need and cut them out of your budget. Avoid debt: Be mindful of using credit cards and avoid taking on unnecessary debt. Plan for the future: Set goals for your finances and plan for major expenses like buying a home or starting a family.