It can be a hassle to initially get your finances in order. If you have never been in a place where you have had to manage your money yourself it can be a rude awakening. So many millennials that have recently graduated from college will go on to get jobs and have a strong desire to be financially independent of their parents. They may have jobs, and many of them may still find themselves struggling to pay their bills on time. One of the big reasons for this is that most millennials do not have a concrete idea of what it is like to budget money and save based on what you make.
It is only a matter of time before people find themselves in a hole if they are not putting their funds to good use. So many people will discover that it is easier to live within your means if you budget based on the amount that you have after you have paid yourself first. It is much easier if you go over to borrow from an emergency account that you set up for yourself.
If you have not set up an emergency account, however, you will find yourself getting payday loans to get out of debt. You will find yourself trying to consolidate debt where you are barely making minimum payments to get to the next paycheck. This is poor money management. You may not think about it at the time, but a minimum payments prolong the debt.