If you are receiving unsolicited phone calls from an entity pretending to be ACCC (a trusted non-profit credit counseling agency), please be assured that ACCC’s policy is NEVER to contact you unless you’ve explicitly requested us to call you. Also be cautious of emails from an unusual or unfamiliar domain. ACCC’s domain extension is @consumercredit.com, and any emails using a different extension should be treated with suspicion.

×

ACCC’s Client Login allows current clients to access their program information, including the due date, program benefits, and other documents.

Select a Client Login below based on the service that you are currently enrolled in:

Debt Management Program

Client Login

Bankruptcy

Pre-Bankruptcy Client

Post-Bankruptcy Client

Not yet a client, but looking to get started?

ACCC offers debt relief options to individuals and families that are suffering from stress related to credit card debt by providing effective credit counseling, helping to consolidate debt, and advising on debt management.

Get Started

Wait!

You are now leaving the Consumer Credit website and are going to a website that is not operated by ACCC. We are not responsible for the content or availability of linked sites.

Are you sure you want to leave?

No, return me to the previous page.

Yes

Millennial Budgeting Tips For Success

Our credit counseling belief is that a budget is the cornerstone of responsible financial planning. It shows exactly how much money you have and where it’s being spent. A budget can help you find ways to save money and plan for the future. These Millennial budgeting tips can help you get your finances in order to avoid drowning in debt.

ACCC hopes these millennial budgeting tips help.

ACCC hopes these millennial budgeting tips help.

Millennial Budgeting Tips

  1. Start with a Budgeting Worksheet

    Documenting your income and expenses no matter how large or small they are is the foundation of budgeting. You can use either a conventional method or a newer way to track your budget. There are a number of budgeting apps that can help you. ACCC has a range of downloadable budgeting worksheets to help you start the process.

  2. Start Building an Emergency Fund

    You could be a Millennial or on the verge of retirement; either way, an emergency can occur anytime. Therefore, building an emergency fund is one of the most important Millennial budgeting tips. If an emergency fund does one thing, it gives you peace of mind. Having a cushion to fall back on will help you stay financially afloat while everything else around you may seem to be sinking. So, how much should you actually save to avoid possible consumer debt? Guidelines vary but a reasonable starting point for anyone is to amass three to six months’ worth of critical living expenses.

  3. Don’t Give into Small Luxuries

    Buying your coffee, breakfast, and lunch out every day seems convenient and probably trendy. However, once you develop your budget and start tracking your expenses, you will realize this racks up a big bill every month. Therefore, not giving into these small luxuries is among the most important Millennial budgeting tips. Make your coffee and breakfast at home and pack up a brown-bag lunch to save these additional expenses.

  4. Don’t Compare

    Social media is big among a lot of Millennials. This opens up a window to compare and be compared to your peers. Millennials can sometimes engage in unnecessary spending to keep up with their friends. Try not to fall into that trap.

  5.  Start Saving for Retirement

    Millennials are not too young to start thinking about retirement if they haven’t already. Retirement sneaks up on you unexpectedly. Surviving on a steady paycheck and surviving on retirement money are two totally different things. So get a move on and start to save! Two ways you can start saving for retirement are investing money in your 401(k) or setting up an IRA account. You can also choose to do both.

If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today. 

ABOUT AUTHOR / Dilini

Dilini is a Marketing Communications & Programs Associate at ACCC. To anyone, managing finances can be a real challenge! Any tips and tricks to help get through this are great! Dilini will share her experiences, tips, and tricks along the way through the Talking Cents blog. Stay tuned!

View all author posts →

creditU

Your Ultimate Money Management App

Meet CreditU, the ultimate one-stop debt and financial management app! See your full financial overview, including debts, income, expenses, and savings.

CreditU Apple App Store
Dev Tool:

Request: blog/millennial-budgeting-tips
Matched Rewrite Rule: blog/([^/]+)/?$
Matched Rewrite Query: post_type=post&name=millennial-budgeting-tips
Loaded Template: single.php