Millennials are a growing demographic in real estate. More and more young professionals are getting interested in buying property. But with so much things to do and buy, it’s hard for many millennials to save up for the home that they deserve. This new year, it’s time for these young folks to reassess their finances and sacrifice a few things. Here’s a list of trivial expenses that millennials should let go if they want to own a property.
Cut the weekly splurge
We are all guilty of having a cup or two of coffee from our friendly neighborhood Starbucks every week. But did you know that cutting out your weekly budget for expensive coffee can help you save a lot? It can also help you cut at all those calories and sugar.
Avoid fancy restaurants and food trips
One of the ways in which millennials bond is through going to fancy restaurants to dine and chat. But what’s more adult and responsible is preparing home cooked meal for your friends and have a nice party at your very own place.
Gadget upgrade or downgrade?
Gadgets are important especially most of today’s job involve technology. But is it really necessary to leave your old phone to the trash just to buy the latest iPhone? Only invest on gadgets that will help you improve your career and earnings.
Start carpooling
Too much use of Uber and Grab can be hurtful to your finances. Why not carpool with your friends or officemates? It will not only lessen your expenses but will also let you bond more with your colleagues.
Opt for staycation or nearby travel
Travel is probably the most tasking expense to deplete. And while we totally understand this, we have to remind you that there are other less expensive vacation options to consider. You can rent a luxurious condominium for a satisfying staycation or go to nearby provinces like Batangas or Subic.
