American Express recently released a survey that shed some light on the savings habits of Americans for 2015. The survey shared not only what people are saving for, but where they’re saving — and that includes stashing cash in secret places around their homes!
It was also interesting to see what, specifically, Millennials are saving for this year. A whopping 75% of Gen Y is saving for travel, and I can understand — that’s one of my own priorities.
But that’s not the only thing the 20-something and 30-something crowd is saving for. As the survey shows, Millennials actually save for multiple goals all at once. In addition to saving for travel, many members of Gen Y are saving for:
- Purchasing a car
- Buying a home
- Moving to a new place
- Starting a new job
- Getting married
That’s a lot of financial priorities to juggle, and it can be tough to do alone. With all of these big goals and life milestones approaching for the majority of Millennials, Gen Y may find having a financial planner to help get them through it is really helpful.
If you’re one of those people saving for lots of different goals at once, let’s chat about how we can achieve them all with smart money management and good planning!
Be sure to check out the infographic below based on the survey, and if you need someone to help you create a solid financial plan so you can reach your unique savings goals, schedule a free 30 minute call with me to see if working together makes sense for you!