Millennials are procrastinating when it comes to saving and creating a lifestyle focused on spending — and not adequately preparing for emergencies.
About 37% receive money on a monthly basis, and more than half receive money a couple times a year. Many are putting this money toward basic needs, both small and significant, like cell phones, groceries and gas, health insurance, and rent.
"Millennials can combat being unprepared for out-of-the-blue or unforeseen expenses by creating an emergency fund," Dayan said."This may seem daunting but by setting aside a small amount each month, millennials can be confident in their financial health and ability to address unpredicted expenses.
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