Tuesday, November 25, 2014

The Cheapest Generation

Why Millennials aren’t buying cars or houses, and what that means for the economy


I’m 30. I just paid off my car a few months ago. I received no help from my folks at all, including insurance and maintenance. I bought it new in ‘07 after I graduated college and got a full-time job - before that it was the bus and my ‘90 Lebaron that kept breaking down.
I adore my cute, little eco-box.
I work a 40 hour/week job in the field I studied in and I do freelance to maintain my payment schedules (and help fund animal rescue stuffs).
When I need new tires, battery, oil, it gets scary - We even do the maintenance ourselves whenever possible to save money.

I don’t have much of a savings account, but I keep trying to throw money in there.

I went to college for my associates degree of science in graphic design (of which I’m paying for all on my own). My folks and I were poor, so I was eligible for some government aid (yay FASFA). I did good in school and earned a small scholarship from them to help fund my education.
I’m married. We had a small DIY wedding in 2013 that we all loved because we put our heart into making it enjoyable for all.
We are planning to stay childfree primarily because money, lack of time, and the current state of the world/environment.
I shop at thrift stores, flea markets, or from charity organizations. Bargain hunting is fun, temptation to splurge is high, so I don’t go out much.
No cable, we have Netflix and the internet. I cut back on buying video games. We don’t typically go to restaurants or movies.
We rent a small house. I don’t see us being able to afford to buy a house or wanting to buy a house. I feel like any day one of us could loose our jobs.
It would be horrible if we were to loose our home because we missed mortgage payments… of which happened to my father in 1997. He lost his business, we lost our home of 14 years, and hell ensued… but life got better because we didn’t give up and we worked hard to try to find stability.
I can’t say that I’m unhappy now. I’m grateful for what I have and was able to accomplish. I don’t WANT to be poor. I want to buy a house. I want to get a bigger TV, I want a tablet, I want to go on a vacation… but I don’t need those things to be happy. I’m grateful I can pay my bills on time. 
When you live with and then live without, you learn a lot. You develop hobbies, how to cope, how to budget, how to appreciate what you do have. You also learn when you’re not that high in the corporate ladder, not that high up financially, you don’t have to fall as far. 

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