Money Clueless

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Image by: Morgan Daniels

Picture this, it’s a warm Sunday afternoon. I and a few of my millienal friends are enjoying a bottomless instagrammable brunch. The drinks are flowing and the bacon is crisp. It’s like the apartment scene of The Great Gatsby.

Suddenly, the bill arrives. I look around the table to see my peers contemplating that dreaded question

“Should I move my some of savings to my checkings?”

I furiously refresh my LGE credit union app, while the deja vu of opening and closing my refrigerator door in hopes that food would magically appear dances in my head. In the end, brunch won and I drove home full and slightly defeated, arguing with myself about whether I really needed cheese on those eggs.

Growing up my father had one simple rule, a mantra rather; Cash is king. A simple and annoying reminder to spend less and save more. Anytime we would pick up a pair shoes or purse that was a “luxury” he would wipe away any shopping high with those three simple words that would make the simplest purchase seem like a shopping spree at Saks. He became so relentless that my mother and I would often hide our shopping until he fell into a deep Sunday nap. Then, quickly and quietly smuggle them into the house.

To be honest I wasn’t broke; I mean at least not as broke as I have been in college.

My humble bi-monthly freshman year allowance never seemed to come and go fast enough. Between late night food truck runs and constant Sassy’s dress shopping, I always managed to have approximately $.25 in my account every 13th and 28th of the month. I now appreciate my father for being so strict at the time. It made me creatively broke. I miss the days when my friends and I would take a collection of $20, cook an entire meal, get a huge bottle of cheap wine, and enjoy each other’s company and Netflix accounts.

These days, adulting makes it a lot harder to get the girls together so the experiences happen less and cost a little more.

Here are a few of the tips to making your money work for you.

4 Tips to Making it as a Broke Millennial

There’s rice at home.

I remember the cool thing in elementary school was buying lunch from the cafeteria. I never wanted to be “that girl” who pulled out rice and stew for lunch. However, I have no in shame in bringing in homemade jollof rice and chicken wings four times a week for lunch. The only person who can judge me is my bank account.

It’s just you and your vices tonight.

Bars are fun but tabs are not. In an effort to have a YOLO night, a simple drink with the squad can turn into a frantic call the bank for “unrecognized charges”. There is no shame in staying in and inviting your people to wine down or liquor up.

Cash is King.

No matter how much budgeting is done, life happens. It’s doesn’t take much for a tire to bust or a must see artist to drop tour dates to ruin even the most planned out budget. Keeping an extra $40-$100 stashed away from yourself and your account can come in handy for life’s inconsiderate moments. Apps like Digit help to make saving money digitally and virtually painless.

Be Honest.

As much as we would love to be at every function, sometimes you just don’t got it and there should be no shame in saying that. Try to keep an honest dialogue about spending with your people. Real friends will understand.

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