Want to Be A Rich Millennial? Here Are 5 Strategies to Save More Money

April 10, 2019 by Bethany Frank

In a recent piece on Medium, writer Nicolas Cole provides millennials with five tips on how to save money. His advice? Analyze your expenses to see where you can cut costs, force yourself to save 10-20% of each paycheck without exceptions, open an IRA account, begin investing in stocks, and establish a side hustle. According to Cole, these approaches applied together can be a fast-track to help millennials save more than they spend and establish true financial security.

A key reason so many millennials fail to take control of their finances is because it isn’t an easy task. Analyzing one’s finances can be a daunting task if done manually, especially if that involves all kinds of transactions – checks, cash, credit card transactions, mobile app payments, and maybe more.

Namu makes it easy to connect every account and keep track of all your finances in one place. From saved transactions to the ability to split and track payments with friends and family in one place, Namu takes the manual work out of managing your money. With Namu, you can track your finances and easily analyze spending to see exactly where you can cut expenses every month.

For millennials, a key to long-term financial success is to establish healthy money habits as soon as possible. It’s never too early to learn how to create and stick to budgets and properly track one’s finances. Learn more about Namu and sign-up.

 

Get Namu today to help with your finances!