4. Tame materialism and consumerism

Yes, you may have the cash right now to buy the latest pair of shoes, but will it mean that you will have to skip lunch for a week? If no, then proceed with the purchase. If yes, then you know what to do: skip it.

3. Mind your health

Start investing in your health as early as possible. Aim for a healthy lifestyle. Make sure you have a health card and life insurance. Your parents are right: “Mahal magkasakit.” That is a universal fact.

2. Ask for advice

Don’t depend too much on Google about life advice. Seek the advice of older people. Hey, they’ve been there. There are a lot of financial literacy campaign programs going around. Be on the lookout for those. Be fervent in expanding your knowledge about life, especially financial literacy, as early as possible.

1. Learn to invest

Savings are good, but investments, stock in particular, are better. It’s the most convenient way to rack up some passive income while you’re occupied with your day job.

What other financial advice can you suggest to millennials? Fire away at the comments section!

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