Top 5 Money Mistakes Made by Millennials
-
Upload
renuka-rana -
Category
Economy & Finance
-
view
2.346 -
download
0
Transcript of Top 5 Money Mistakes Made by Millennials
![Page 1: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/1.jpg)
Top 5 Money Mistakes Made By
Millennials
![Page 2: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/2.jpg)
Money mistakes are easy to make but hard to
overcome. What might seem like a little bit of fun can
come to bite you back later.
![Page 3: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/3.jpg)
Here are the top 5 money mistakes that are
commonly made by the Millennials :
![Page 4: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/4.jpg)
1: Not Building an
Emergency Fund
![Page 5: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/5.jpg)
Nobody is immune to emergencies. Disasters can strike
anywhere and anytime. Without a proper emergency fund
even a well off guy can face a crisis of money.
![Page 6: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/6.jpg)
Tip: Emergency fund can
help you differentiate
from the ones who are
sinking financially.
Always have an
emergency fund to
cover at-least 6 to 9
months of your
expenses.
![Page 7: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/7.jpg)
2: Not Having A
Budget
![Page 8: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/8.jpg)
Unplanned expenditure can be a huge problem. If you don’t
keep track of your expenditures, you can never determine how
much you can spend on things.
![Page 9: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/9.jpg)
Tip: Not setting up any budget is one of the biggest
mistakes, most businesses make. So, it is important to make and
set budget expectation right from the beginning.
![Page 10: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/10.jpg)
3: Neglecting Cash
Flow
![Page 11: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/11.jpg)
The more you earn, the more you’ll spend. However most
people spend on worthless things and end up broke because
they fail to recognize the cash flow.
![Page 12: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/12.jpg)
Tip: Control on the Cash can help
you achieve financial success.
Never neglect cash flow, it would
help you know how the your money
is moving and where.
![Page 13: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/13.jpg)
4: Spending more than the income
![Page 14: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/14.jpg)
Most of us spend because it makes them feel happy . However,
money and emotions don’t go hand in hand.
![Page 15: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/15.jpg)
Tip: If you want your accounts to be in the right shape, avoid
shopping just to uplift your mood. Save for the long term and
get out from the momentary satisfaction of retail therapy.
![Page 16: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/16.jpg)
5: Getting Hung Up On Small Things
![Page 17: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/17.jpg)
Don’t get caught up in saving
money on the small stuff and
ignoring the bigger expenses.
You may save $100 in a
month by ditching latte but
might be missing out on saving
$400 on refinancing your
home.
![Page 18: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/18.jpg)
Tip: Keep little things from taking over your time and money.
![Page 19: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/19.jpg)
Money is hard to build and easy to lose. Avoid
making money mistakes and have a happier future.
![Page 20: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/20.jpg)
About Us Ace Cloud Hosting powered
by Real Time Cloud Services
(RTCS), is an Authorized
commercial QuickBooks
Hosting provider and
Application Hosting Service
provider to CPAs, SMBs,
Bookkeepers and ranks
amongst the leading
QuickBooks hosting
providers.
![Page 21: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/21.jpg)
LIKE THIS DECK? GET IN TOUCH!
Follow us for more Great Content
Also Check Out Some of Other Slideshares
![Page 22: Top 5 Money Mistakes Made by Millennials](https://reader033.fdocuments.in/reader033/viewer/2022052116/58ad558c1a28ab0b0f8b59f7/html5/thumbnails/22.jpg)
References:
Millennials: Their Top 5 Money Mistakes – The Self Employed