Millennials aren’t like the average consumer when it comes to saving money. But according to a recent survey by Bankrate.com, Americans between 18 and 29 years old (commonly known as the millennial generation) are three times more likely to keep their long term investments in the form of cash. Unlike other generations, who have been investing in the stock market, millennials seem hesitant to place their money in any other hands, especially risky investments. The survey showed that 39% of millennials chose cash as the best way to invest money that they don’t need for at least 10 years.
Weekly Tip: Buy your plane ticket early, but not too early.
When should you book your travel tickets?
If you’re planning a trip, you know how hard this question is to answer. Clearly, you want to buy your airline tickets in advance, so you don’t end up with an expensive bill. But if you buy your tickets too far in advance, you may end up paying a lot more as prices go down in the following months. It seems like a Catch 22, but luckily, there are some better times to purchase tickets.
