How millennials can prepare for the next financial crisis


Keep your lifestyle inflation in check. It’s important to establish good spending habits at an early age because once lifestyle creep begins to seep into your personal finances it’s a tough habit to kick.

Avoid bad debt. Carrying credit card debt is a great way to learn about compound interest but in reverse.

It rarely ever makes sense to carry a credit card balance considering you pay an annualized interest rate somewhere in the 15-20% range.

Source: How millennials can prepare for the next financial crisis

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