Easy ways an 80s baby can save money | millennial money


Millennial credit cards

When most older people think of 80s babies, they think about broken kids and still live with their parents.

But I’m here to tell you that times have changed completely, we are learning more and more about money each day.

So, I would say about 85% of us understand how to manage our own money. 

And for the other 15% that don’t yet, don’t worry. I will lay down the basic information that you need to come and join the rest of the 85% of the millennials.

80s money

Stop working hard to live paycheck to paycheck.

Think about this, and you have been working a long shift, about 12 hrs straight. And you have been doing this for about a week because you know that you have to pay your rent soon.

Finally, that payday comes, and you have just made enough to pay your rent. You have no money left to buy anything else that you may like.

This is living paycheck to paycheck. And not the best solution you want to be in. This is when you need to find other sources of income.

There are many other ways to work and make money.

These articles below will give you some good ideas about other jobs you can do to make more money.

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80s baby saving money

Saving your money as an 80s baby

Once you can have extra money, one of the first things you need to do is open a savings account. And please don’t just put all your money in a checking account because it’s not going to earn any type of interest on that money.

The best thing to do is put as much so you into a savings account. You can do it weekly, monthly, whatever way is best for you.

The savings account that you choose should be separate from your checking account. The savings account I use is American express, but you can use any savings account that you think to have the highest return rate on your money.

80s credit cards

Don’t be afraid to get some credit cards.

I know when we were growing up back in the 80s and 90s, people didn’t teach us much about credit cards. And if they did, we were always told only to use it if we need some extra money.

I wanted you to put all that type of thinking in the past. Me personally, I never used my debit card or cash for anything. I always used my credit cards for almost everything.

You have to understand about credit cards because it’s not used for having extra money. It’s used to make you more money. If you don’t have cash in your bank account to pay for whatever you buy, don’t get it.

That’s when credit cards become bad and put you in debt. 

Key things to remember about a credit card:

→Never miss a payment

→Always pay early or on time

→It’s best to pay your balance in full 

Paying your balance in full each month is the primary key to how a credit card will make you money. So let’s say you have a credit card that gives you 2% cashback every time you purchase. If you make any purchases with that card, you could earn a good amount of money back, just for buying things that you would typically buy. 

Here a scenario: 

In one month, you make a total of 2000.00 in different purchases, and you have this credit card that gives you 2% cashback. And you paid your bill in full each month. After that, you look at your billing statement, and you earned 40 dollars just for shopping.

And that some easy money, don’t you think?

Don’t waste all your money on clothes and shoes.

I get it fashion is everything these days! I know, but fashion was even better back in the 80s; check out my previous post if you want to learn more about that(The complete guide to fashion the 80s)

Hey, but that’s not the point I’m making here.

Fashion is everything, but with fashion continually changing, you will always have to buy new and different clothes just to try and keep up. This means you will have less and less money for your savings account, or you will be back to living check to check.

These days, many people are thrifting, which means they are going to thrift shops and finding some good vintage clothes and creating their own type of look with it. I think that’s a great idea because the vintage look is the thing right now.

So why not get it for less. Don’t get me wrong. There’s nothing wrong with treating yourself to a brand new outfit or shoes. The key is to do everything in moderation. It won’t be a good idea to get some new stuff every other day.

Maybe every other week or once a month, it depends on you are your savings.

The coffee and avocado toast

This, to me, is so funny what they are saying about millennials. I have no idea where this started from.

But just to clean the air:

 If you are going out and paying 5 dollars for an avocado toast, please stop it now. Just go to your local supermarket and get two whole avocados for about 1 dollar and 12 slices of bread for about 3 dollars.

And this will save you a lot of money and time. And for the coffee, it’s cheaper to make it at home, But I can understand if it doesn’t come out the right way. But instead of buying a 6 dollars Starbucks coffee, you can just get seven eleven coffee for about 2 dollars. I mean, from me, the taste is passable.

Maybe you can make a Starbucks coffee on celebratory days. Like a bonus, or if you just got a raise at work, things like that.

In closing

All millennials are good with money. Some of us just picked up some bad habits. But if you apply these steps that I have mentioned, you will be reaching your financial goals in no time. 

80sbaby

I am a blogger that was born in the 1980's. So I decided to write about the 1980's because I feel that was one of the best decades ever.

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