July 22nd, 2015 | Miller Advisors

Early in your career? Watch your spending on these things

Early last month I turned 29. Per usual, I didn’t feel any different, (or any older), but the psychological aspect of entering my last year as a 20-something did affect me. As the social media and marketing coordinator at Miller Advisors, I research and read the news on a daily basis–including a lot of articles targeted towards millennials. There are plenty of articles online such as “Things I wish I knew in my twenties” or “Things millennials blow their money on”. In the spirit of my last year of my twenties, I created my own list. My advice to young millennials includes but is not limited to:

  • Make your own coffee. Stop spending $4.25 on Starbucks lattes every day and either brew your own coffee at home or drink it (for free!) at work. All the added sugar in flavored drinks just tack on unwanted calories, leaving you feeling sluggish, anyway.  Save the coffee shop dates for the weekend when you catch up with friends. And stop taking pictures of the coffee you just purchased–it’s not that inspirational!
  • Forget cable. Chances are, you aren’t home enough to watch enough TV to justify paying a massive cable bill. Plus, most cable companies jack up the price after a year and make it difficult to cancel. Further, Hulu and Netflix are much cheaper and you have tons to choose from.
  • Shop sales/use online discount codes. We all receive way too many junk e-mails, but don’t hesitate to get on the electronic mailing list(s) when shopping at your favorite stores. Whether you need new clothing or home goods, you can save big time on major purchases when eyeballing sales and promotions via e-mail. Stop blindly walking into stores and purchasing whatever catches your eye. Track those emails, save the electronic coupons/promo codes and your wallet will thank you for it.
  • Paint your own nails.  This one’s for the ladies. I’m all for getting a manicure/pedicure for special occasions, but chances are when you’re first starting out your career, you’re not earning enough to spend $60-80 twice a month on your nails. Unless you’re in a wedding or have some other milestone coming up, pick out your own color at Target and do them yourself!
  • Cook. I’m not saying to ditch happy hour altogether–but if you’re doing happy hour most nights of the week, you’re doing more harm than good. Start to plan your meals and go grocery shopping before Monday hits. Knowing what you have on hand will prevent prevent you from saying “yes” to too many after-work food/drink gatherings. Also, cooking your own meals is so much cheaper, (and healthier!) than dining out.
  • Invest in your health.  People who exercise regularly have more positive temperaments, sleep better, and stress less. If you learn this early on in your career, you will continue to make it a priority as you get older. Find a class or activity that you enjoy and crave going to, join a gym, or go for long walks or runs , and chances are you’ll say “no” more to other distractions because you are saying “yes” to making your well-being a priority. Yes, it costs money to do yoga, barre, play recreational sports, or maintain a gym membership but money invested in enhancing your health and helping you feel balanced is money well spent.


Image: livelenz.com