Millennials & Money: Financial Resources for Young Adults


By Rachel Mathias, Members 1st FCU Financial Education Coordinator

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It’s without debate that millennials today have a plethora of resources at their fingertips when conducting research. We don’t just go to the library anymore when we need information; we go straight to our phones.  Being a millennial myself as well as our Financial Education Coordinator here at Members 1st Federal Credit Union, I’m all too aware of the lack of financial literacy shared with our young people throughout their academic career. Since many students aren’t provided with this material in school, it’s crucial we equip them with relevant resources they will have quick access to in a platform they’re comfortable with.  Below are a few of my personal favorites when it comes to financial education sources that are perfect for millennials and young people alike:

  • Podcasts are one of my all-time favorite ways to keep up with the growing trends in finance and budgeting. Throw on a podcast during your commute or while you’re on the treadmill at the gym. A few personal favorites of mine are The Dave Ramsey Show and The His & Her Money Show, but there is a podcast out there to suit all of your finance and budgeting needs!
  • Blogs can be a great source to gather best practices and information on perfecting your budget. Blogs allow you to engage with the author, interact and discuss with other readers and offer input on their content. It’s important to verify the accuracy of the information since anyone can create a blog. A few popular finance blogs include Broke Millennial, Life and My Finances and Millennial Money Man.
  • Apps. The holy grail of budgeting for young people? Budgeting apps. With today’s technology, there’s absolutely no excuse for not getting involved with your finances. Budgeting apps allow you to set financial goals for yourself while controlling your spending. There are tons of options out there, while I love the Mint app and EveryDollar.
  • YouTube. A growing resource for finance tips and tricks are YouTube channels! This is an engaging platform where you can even watch various shows stream live and chat with other viewers throughout the show. My favorite is The Rachel Cruz Show and other popular channels include Good Financial Cents, Frugal Chic Life and Young Finances.
  • Instagram Accounts. Instagram is probably the most widely-used social media platform amongst millennials, making it a great way to empower young people to take control of their budget. From posts to stories to hashtags, there are plenty of ways to stay connected. A few great accounts I follow are @CleverGirlFinance, @BudgetBytes and @TheFinancialDiet.

While these are just a few of my personal favorites, there are many other fantastic resources out there for the inquiring financial mind. Do you have a favorite account you follow for your budgeting and money needs? Anything particular you want to see on our accounts? Comment below, we want to hear from you!

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