If you’re a millennial, you’ve probably heard it all when it comes to finances—from the lectures about sleeping only 5 hours a day to endless advice on budgeting. But let’s be real, being a “Flex Money” millennial is about finding the perfect balance between living your best life and making smart money moves.
I, for one, would love to enjoy today without compromising tomorrow and I’m sure you would too. So how do we do it? I’ll spill the tea on some practical tips I have learnt.
First off, being a “Flex Money” millennial means you know how to spend responsibly. For example, there’s no law that says you must attend every owambe or buy asoebi for all occasions. Spoiling yourself is very important, you don’t have to wait till retirement to do that but you also don’t have to blow your savings on one weekend getaway.
So, how do you get there?
Automate Your Savings
One of the best financial moves you can make is automating your savings. Set up an automatic transfer to your savings or investment account every time you get your salary. Whether it’s 10% or 30%, be consistent. This way, you’re saving without even thinking about it, and you still have cash left to flex with.
Have a “Treat Yourself” Budget
Flex doesn’t mean reckless; it means intentional. Should you treat yourself? Ofcourse, but be smart about it. Set aside a specific amount each month, or quarterly, for fun purchases, whether it’s that new tech gadget or a weekend getaway. Knowing you have a set “fun” budget prevents guilt and keeps your overall spending in check.
Invest in Yourself
If there’s one thing we millennials understand, it’s the value of self-investment. Take that online course, attend that networking event, or invest in health and fitness. These choices have long-term payoffs, both professionally and personally. Investing in your growth is the best kind of flex.
Leverage Installment Payments for Big Purchases
Want to buy something pricey without feeling broke? Installment payment options are your friend. The Fair App allows you to spread out payments on items like gadgets, furniture, or even fashion, so you can live your best life without draining your bank account in one go. This way, you can enjoy life’s luxuries, make those big purchases, but keep your financial and mental health in check.
Being a Flex Money millennial is about living well but staying wise. It’s okay to enjoy your money and the freedom it brings, but be strategic. Balance the joy of today with the goals of tomorrow, and you’ll be flexing on every aspect of life, without the financial hangover.
Now that you’ve got the tea, it’s time to apply these tips. After all, life is for living, but your money should be working for you, not the other way around.
Download the Fair App now on android and ios stores and start enjoying the millennial flex life.
