If you’re a millennial who has been having some trouble in the savings department, this new post from Broke Millennial might be worth the read. In it, our heroine talks about a simple way for young people to actively save their money: by putting it into multiple accounts with fun nick-names (although, admittedly, her names are pretty run-of-the-mill).
It’s a fun idea though: it’s simple, people can personalize their account names, and it would be a helpful way for us millennials to visualize exactly what we have stored for each aspect of our lives.
Downsize and travel
A guest post on Making Sense of Cents about downsizing and living a traveling life describes a small family’s life-changing 15-month long travel experience. After they returned to the United States, they decided to take action to make their dream life a reality. It sounds like they’ve still got a lot to do to achieve their dreams, but they’re making passive income by renting out their large bungalow, and are downsizing by selling one item of value per week online. As a seasoned traveller (who is currently living in a space smaller than my parents’ closet at home), I wholeheartedly support this family’s dream of living minimally and experiencing as much of the world as they can. This post reminds us that if you have the desire to change your life and live more frugally, it can be done!
Millennial call to action