Monday, 18 July 2022 15:35

Personal finance tips for millennials

Written by Evelyn Alas

Maybe at this point in your life you don't feel like having a "safe harbor for life", but it doesn't hurt to have stability, even if it's relative.

Believe me, getting a job with future prospects will solve many of your worries in life.

1-Diversify your sources of income

Do you already have a job and still find it difficult to make ends meet? It's time to get creative and diversify your sources of income.

Make the most of your knowledge and hobbies. For example, if you like baking, you could sell homemade bread among your acquaintances or during your free time at a weekend flea market.

2-Share housing

If you are 30 years old and still living with your parents, it is time to do something about it. The longed-for financial autonomy is achieved when you have no choice but to do so. Staying in the room of your adolescence will allow you to feel comfortable and inertia will probably win out.


Make this word a mantra. To achieve this, the first thing you need to do is differentiate between what is urgent, what is necessary and what is desirable.

4-Avoid debts

If you already have them, which is very likely considering that this is the generation of the indebted, get rid of them. Start by paying the ones that generate the highest interest because these are the ones that end up getting out of control.

Differentiate between constructive debts (those you acquire to invest in a business you want to start, for example) and destructive debts (those originated by an ephemeral product, such as a trip, or that will bring you more expenses, such as a car).