Millennials: Avoid these 5 financial mistakes » Mortgage Masters Group
on your home mortgage. By putting your financial goals into exact numbers on a concrete timeline, you can rest assured you’re making truly successful decisions for your financial future. By.
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At just over 35%, millennials are the generation most likely to buy just for rewards points. generation X was the least likely to buy for rewards alone (23%), but Gen-Xers who do buy for rewards tend to spend the most (averaging $1,750.47 per person compared to $1,355.05 for millennials).
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"The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons – including control of living space, flexibility in future decisions, privacy and security, and living in a nice home." The top reason millennials choose to buy is to have control over their living space, at 93%.
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But credit card debt is far from the only money mistake we make in our twenties. As a steady stream of reader emails proves, there’s still a lot we have to learn. Here are 10 of the most common money mistakes I see young professionals making today – and what you can do to avoid them. 10. Rushing to buy a home
Avoid These 10 Millennial Investing Mistakes.. family, banks, accountants, and financial planners come in. Learn what’s available, ask questions, and see what works for you.. and the pace you are on to pay off the mortgage are relevant. Assess the age your mortgage will be paid off at.