Nine Old School Money Management Tips

4 comments
January 21, 2013 ‐ By Blair Bedford
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As a millennial generation heads into their 20s and 30s, many have had either a great or not-so great example of what it means to manage their money. Although the age of careers, job searches, marriages and first homes are approaching, many millennials still have no clue what it truly means to manage money for their long-term success and comfort. Even parents are sometimes shaky resources for personal finance information.

2012 U.S. News Money article finds that Generation Xers (who are now in their 30s and 40s) are the generation with the most financial frustration. Retirees are increasingly responsible for their own savings, income, and financial futures. Let’s face it, we all can use an old-fashioned money management lesson every now and again.

Let’s all learn a little bit from past generations, and keep your money flowing with these old school money management tips.

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  • Reese

    I recently hit a brick wall with my finances and realized it was time for me to make a major change as far as my spending habits are concerned. I have good credit because I pay my bills on time but after I pay my bills I have little to no money left to live on. One thing I greatly admire about my grandmother is that she can make a dollar holler and make a nickel scream. She doesn’t buy clothing unless it is absolutely necessary, she doesn’t move her car unless it is absolutely necessary, and she saves money with discipline.

  • http://www.debtconsolidationcare.com/User/NathanielCopeland Nathaniel Copeland

    Simply put, there are hardly any quality products these days. Its all made in China and labeled in the US. Its watered milk at every dime store all the way. In other words, buying quantity of the cheaper stuff makes more economic sense simply because the quality stuff costs more but lasts as long as the low grade stuff.

  • jsmith12

    I hate to admit it but there are a lot of people who are too busy trying to keep up with the joneses instead of saving there money and investing it wisely. A lot of people are in debt because of this and it continues everyday.

  • Bright like a diamond

    This is a very informative article. I am interested in investing but have no clue where to start.