The thing about the way some young adults spend money these days has most of the older generation scratching their heads and calling them “Generation Broke” on account of stories where these young adults spend their paychecks on experiences, on more intangible things than they did at that age.

To make that sweeping generalization of millennials is unfair, but not always untrue. While it is true that some are unable to manage their finances properly in the name of enjoying life, there are also those who’ve made financial decisions with maturity far beyond their two decades of life.

Still, there are money mistakes millennials should avoid, and here’s a look at some of them. [Read more…]