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10 money management tips for Millenials

If you are a millennial and are looking for realistic ideas to save money for your future, do read these top 10 tips put together by our experts.

July 28, 2021 / 01:49 PM IST

Introducton

India is seeing a constant rise in the spending capacity of its citizens, especially the new generation or the so-called ‘Millennials’. With easy access to credit cards and various online shopping destinations, millennials are focusing more on spending and less on saving. Like all other generations before them, millennials too require help in managing their money better. This generation comprises 18 to 35-year-olds and statistics suggest that they form about 46% of India’s workforce.

Most millennials dream of owning a big house, going for holidays overseas, managing a decent work-life balance in tough corporate jobs while achieving financial independence, etc. There is also a growing influence of social media on Indian millennial's financial aspirations. The question that often arises is, do millennials live a realistic life? Do they save enough to sustain their lifestyle in the future?

If you are a millennial and are looking for realistic ideas to save money for your future, do read these top 10 tips put together by our experts.