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.
Everyone saves money in different ways. While some millennial women use a savings account, others use 401(k)s. Recently, investment platform Stash revealed findings from their First Financial Literacy Survey to see how people invest their money. Among 5,931 millennial females, they found that most invest something, but the numbers could be higher. (Let's be honest — couldn't they always?)
What are the main things millennial women are investing in anyway? "Millennial women are investing for retirement, homes, and vacations, which isn't all that surprising," Brandon Krieg, Stash's CEO, tells Bustle. "But, shockingly, only 48 percent are using a 401(k) to save their money and only 1 percent had a taxable investment account. It's never too early to start investing, and you don't need much to invest in your future. It's important that millennials go beyond the common YOLO mentality and start preparing for their older years — even starting with $5 is better than investing nothing at all."
OK, I don't know about you, but Krieg makes a great point. After all, every $5 saved adds up, right? Below are more findings from Stash's survey on how millennial women invest their money, and it also reveals their know-how when it comes to topics like stocks and portfolios.