genYmoney

By Rob Carrick | Financial help for young adults. This ain't your mom and dad's personal finance.

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7 Steps To Stock Investing Without Too Much Risk

Millennials are more likely than other generations to be risk-averse.<p>They hold 52% of their savings in cash and only 28% in stocks, according to a UBS study. For other generations, the weightings are nearly the reverse: 23% in cash and 46% in stocks.<p>A 2013 Accenture report found that 43% of …

Investing

Millennials: Bonds aren’t Just for Old People

by on<p>I come from a large family, and through my older siblings I have a growing number of nieces and nephews who are entering their 20s. What often …

Finance

Why 25-Year-Olds Are Investing Like Old Fogies: Gen Y Goes Geriatric

NEW YORK (MainStreet) — Opting to pour their money into cash or other conservative investments which yield extremely low returns, Millennials are …

Investing

Millennials LOVE their smartphones: Deal with it

You've seen them shuffling down the street, eyes glued to 4-inch screens, fingers tip-tapping away. To say that young people are in love with their smartphones would be an understatement: It's more like they're obsessed, confirms a new study out by Zogby Analytics.<p>Almost 90% of Millennials say …

Mobile Commerce

Do Millennials Think Differently About Money And Career?

Millennials, Gen-Y – whatever you want to call them – may view career and coin a little bit differently than other generations. The business world had better pay attention because these globally-minded youths will comprise about 75% of the global workforce by 2025.<p>Last year professional services …

Millennials

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What, Me Save? Babes in Wall Street

Young adults don't understand money, a survey finds. They need someone other than mom and dad to teach them.<p>Follow-Up | Dow Indicator | …

Why Millennials Should Have Kids—and Soon

There are plenty of financial—not to mention lifestyle—reasons not to have a child, but there are also costs to delaying or forgoing, notes MONEY …

Uh-oh: 63% of Millennials don't have credit cards

Millennials are shying away from credit cards like no other age group, a study out Monday finds, and that could cost them when they go to buy a car or even when they apply for a job.<p>More than six in 10 people ages 18 to 29 don't have a single credit card in their wallets, reveals a survey conducted …

Personal Finance

Gen Y money: How making money won out over grad school (for now)

<i>Thanks for reading our Gen Y money blog, where a recent grad chronicles her real-life journey to becoming a financially independent adult.</i><p>One year since the liberation of my student status, I've finally started to experience some of the perks that come along with being a "real person."<p>I've quite …

Money

Retirement Reality Check: The Number One Reason Gen X and Gen Y Are Behind

<i>This post originally appeared on LearnVest.</i><p>You wouldn’t board a plane without knowing your destination. So why save for retirement without defining your goal?<p>Yet a new study from market research firm Greenwald & Associates reveals that, when it comes to planning for their golden years, Generations …

Retirement

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Cut Your Debt While You're Still in School | Student Finance 101

The easiest way to pay off student debt is to keep it down in the first place.<p>To be fair, that's harder for some than for others. We all have …

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Money Saving Tips for College Students on a Budget

Tuition<p>Institutional grants: Grants are like loans that you don't have to pay back, and many colleges and universities offer institutional grants …

5 Ways Millennials Can Achieve Financial Independence

Financial independence is a rite of passage for 20-somethings. Yet, between student loans, expensive urban housing markets and pressure to start …

1 Big Investing Mistake Many Millennials Are Making

Millennials are doing a good job of saving and demonstrating financial responsibility, but their investment habits aren't quite up to par, yet.<p>Recent …

Millennials

Charting the rise of Generation Yawn: 20 is the new 40

Forget sex, drugs and rock 'n' roll. Youth culture today is all about clean-living and wholesome hobbies. Don't believe us? Read on...<p>Note to self: act more cool at work. I have just confessed to a thirtysomething colleague that the two glasses of wine I drank last night have left me with a …

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He’s 26 with $32,000 in savings. Here’s how he did it

Meet a guy who's addicted to saving.<p>He's a 26-year-old Ottawa resident by the name of Rob Nettleton and he's an example not just to his fellow members of Generation Y, but to anyone who wants to save money but can't figure out how. Even if you're not as disciplined as he is, you can still learn …

Money

How to avoid investing in 'evil' companies

A recent survey from Bankrate.com says that 40% of millennial investors (those between 18 and 29 years of age) prefer “cash” as their main mode of …

Millennials buying homes later in life

WASHINGTON (AP) — Don't blame the Millennial generation for lackluster home sales.<p>They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia, the online real estate …

Real Estate

10 Things Millennials Won't Spend Money On

Kids these days don't spend money on the same things their parents did<p>Millennials are often maligned for their lack of financial literacy, but there …

Starting Small: Millennial Investors Learn the Power of Compounding

Although millennials may be focused on securing their first jobs, paying off student loans and putting money away for emergencies, financial planners …

Money Tips: Financial Advice for Gen Y

Learn to Budget<p>Above all, a well-thought out, realistic budget is imperative to one’s financial health. A few ways to help you establish and stick …

Five Reasons Millennials Need to Start Investing Now

Millennials tend to get at lot of criticism. They’ve been called the “Me, Me, Me” generation, obsessively narcissistic, and self-centered.<p>These …

Gen Y: Learn to live with stock market risk

In the University of Western Ontario employee pension plan, the youngest members are among the most safety-conscious as investors. The younger you are, the better positioned you are to live with stock market risk. And yet, Western employees under 25 have an average 58.8 per cent of their portfolio …

Investing