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[quote=Anonymous][quote=Anonymous]Millennials like to say that it's not their daily Starbucks that makes them struggle financially, but all those extras add up. Daily Starbucks, lunch out, drinks at a restaurant, 4 streaming subscriptions, highest data cell phone plans, monthly highlights....it adds up quite quickly.

Determine what is a need and what is extra. Pick something important to you to keep so you're not miserable, but see where else you can cut back. [/quote]

Yes, not spending $10 at Starbucks is not going to make your rich.  But many are spending $10/day, 5 days/week---that is $200/month just for Starbucks.  Add in eating lunches out ($15/day *20) is another $300, going out to dinner with friends or for drinks another $250-300/month.  That alone is $800/month and almost $10K/year of non-essentials.  It would only cost them $150-200 to make coffee at home, pack lunches, cook dinner, invite friends over and have drinks at home.  Those are all wants, not needs.  So until you are saving for college for your kids, your retirement, have a 6-9month fully funded emergency fund, etc. you have to scale back your "wants"[/quote]

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