Millennial is the generation which are smarter than their parents, or Gen X, millennial have more access to technology, more excess to knowledge, and most importantly they have more excess to freedom as compared to their parents, millennial can spend their money on whatever they want, in the persuasion of their what they want like spends on fashion, car, luxurious things, and due to following ongoing trends they usually make money mistakes in their early age

we may not forget our parents”s perception towards money, their spending and saving habits, they were more into saving rather than spending on unnecessary things.I know millennial is the age when we are more carefree and want to explore the world which is somewhere good thing but we just need to keep something in my mind before spending money without any thought, i have 5 points to share with you that show the money mistakes usually millennial make

Don’t make a budget

Not creating an emergency fund

Following the mindset of earn more spend more

Not invest in knowledge

not saving for retirement

Rely on credit

I have found that many millennial don’t make a budget which is really very important, because budget enables us how to live with the given money, For e.g A and b both has $2000 salary p.m. A always make a budget before spending their money, on the other hand B is a fun loving person he don’t make a budget before spending money. Now, what happens we may know, that at the end of the day B is in problem because he end up paying bills for the unnecessary things that are not essential to live and he also didn’t save money for the rainy day