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For millennials, learning how to curb poor money habits can help thembuild wealthwith time.
With that in mind, here seven things millennials tend to overspend on.
you’re free to also check outseveral items they dont waste money on here.
Many dont realize theyre being charged for these, as they auto-renew with little thought, he said.
He added that cutting down on these unused subscriptions or consolidating services can free up significant money monthly.
Similarly, opting for less expensive but equally nutritious food options can cut grocery bills substantially.
New smartphones, tablets orsmart home devicesoften have steep price tags.
This involves not spending too much of our income on housing.
Instead, the goal would be to attempt to limit how often you eat out.
Experiences
Millennials overspend on experiences, according to Melanie Musson, finance expert withInsurance Providers.
Theyll travel across the country, even if they can find tickets to a big stars show.
If the event was truly a once-in-a-lifetime affair, the spending would probably be OK. ## Small Expenses That Add Up
Musson noted that millennials tend to overspend on small things, too.
They grab a cup of coffee, a vitamin drink, an acai bowl or a croissant.
Each purchase is minimal and seems like it wont impact a budget.
They do matter, though, and the seemingly small things add up, she said.
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