You Too Can Be a Millennial Cheapskate

There are plenty of millennials saving money, despite the stereotype that tells otherwise. Some of us are proud cheapskates, and here’s how you can be too.

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Among my varied circles of friends, I have a bit of a reputation for… hatred of parting with my hard-earned money.

Now, this may not sound like a surprising confession to you, especially considering that millennials, generation-wide, have racked up large numbers in student debt and are widely known for wanting to save money. But everyone has his or her own methods for penny-pinching, and mine are tried and true.

So, how can you also be a millennial cheapskate?

Know how and where to do your online shopping.
Be sure to really scour Amazon –- they sell items at lower prices that you wouldn’t even think to look for there. Direct sales companies such as LuLaRoe often have discount programs if you purchase from a particular retailer a certain number of times.

Know where you can also make money online.
Of course, sites like Ebates actually pay you to use their site while you shop, and CashCrate allows you to bring in some extra cash in exchange for asking a few marketing questions.

Don’t be afraid of discount stores.
As much as I’ll always be a fan of shopping online, in my bed, wearing pajamas… there are certain instances in which it’s easier to just go to the store. Pro tip: Target really has everything — from supermarket food (I pay .79 for a box of pasta that costs around $2 in the supermarket) to gifts for all occasions to clothes (yes, clothes). T.J. Maxx and Marshalls already sell clothes and a plethora of other items at discounted prices, but you’ll find clearance racks all over both stores -– meaning that the items on these racks are marked down markdowns.

Live at home!
I’ve said it before and I’ll say it again. There are many reasons why there’s nothing wrong with living at home even over the age of 25 –- but one of the more obvious reasons is living rent-free. While its important and responsible and just all around the right thing to do to help your family with expenses while living at home, it is certainly less costly than paying rent every month.

And finally… don’t spend money on what you don’t need.
I’m not saying not to treat yourself once in a while. But, on a regular basis, don’t buy things that aren’t practical. Think about where that less than practical item will end up once it makes its way to your bedroom. What will you use it for? When will you use it? And if you absolutely can’t leave it alone, is there an alternative to either a) the item or b) the retailer?

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