{"id":118,"date":"2023-01-20T17:01:10","date_gmt":"2023-01-20T09:01:10","guid":{"rendered":"https:\/\/jonfire.com\/?p=118"},"modified":"2023-02-21T19:52:23","modified_gmt":"2023-02-21T11:52:23","slug":"money-mindset-how-to-change-the-way-you-think-about-money-as-a-young-adult","status":"publish","type":"post","link":"http:\/\/jf.local\/money-mindset-how-to-change-the-way-you-think-about-money-as-a-young-adult\/","title":{"rendered":"Money Mindset: How to Change the Way You Think About Money as a Young Adult"},"content":{"rendered":"
Have you ever wondered how people afford so many luxuries? How do they even have the money to spend on those things? For most young adults, these are questions they probably haven\u2019t stopped asking since childhood. According to a recent study by the Financial Industry Regulatory Authority and Bank of America Merrill Lynch, over 80% of Americans between 18 and 29 years old have less than 10K in savings and about half of them have less than 1K.<\/p>\n
That\u2019s not surprising though, is it? With school expenses, car repayments, cell phone bills, rent payments, utilities and all other fixed expenses piling up every month, saving money has become almost mandatory for everyone. Fortunately, there are ways young adults can start thinking differently about money from this point onward.<\/p>\n
It doesn\u2019t matter if you\u2019re a broke college freshman or just starting your first job after college; it\u2019s never too early to build an upward change in your financial habits as long as you know what you\u2019re doing. Here are 6 practical tips that every young adult should consider sooner rather than later:<\/p>\n