19 Millennial Women On What They Spend The Most Money On Each Month


Money is a feminist issue — and yet, women are still reluctant to talk about it. According to a recent Bustle survey of more than 1,000 Millennial women, more than 50 percent of people said they never discuss personal finances with friends, even though 28 percent reported feeling stressed out about money every single day. Bustle's Get Money series gets real about what Millennial women are doing with their money, and why — because managing your finances should feel empowering, not intimidating.

Chances are, if I ask you what you spend the most money on per month, it would differ from what another female Millennial spends the most on. After all, everyone could probably afford to spend less, right?!

"When considering a purchase, it's not necessarily always about how much something is," Canon Hickman, wealth manager at Equity Concepts, tells Bustle. "It's about getting value for the money that you have. Money is there to be earned and spent — it's going to be spent on something, whether it's your retirement or going out with friends. It's there to accomplish the things in your life that you want to accomplish. The real key differentiator is spending money on things that actually bring you value. If you look back at your last month's bank statement and see all of the money that you sort of just wasted — you didn't get any value out of that fast food purchase or one of the other random items that you bought that didn't really mean anything to you — you'd see how much that adds up to be."

So What's A Person To Do?!

"Try using the envelope system," Hickman says. "Every week, take cash out of the bank to use as your spending money and stick it in an envelope. Each week, you’ll see how much cash you had and what you're spending it on. A credit card or debit card doesn't tell you how much you've got in your bank account every time you swipe it, so when you look in the envelope, you know how much you have left before you make your next purchase. It's a rudimentary system, but it's a helpful way to hold yourself accountable."

OK, I'm going to try using this system — STAT. Meanwhile, here's what 19 Millennial women spend the most on per month. See if you can relate. I'll bet you can relate to ~something~ someone said — I know I did!

Check out the entire ‘Young Money’ series and other videos on Facebook and the Bustle app across Apple TV, Roku, and Amazon Fire TV.