
Who Exactly Are The Millennials?
Millennials are a unique generation. They are also commonly known as Generation Yers. They are a very independent generation who is education minded, aware of social issues, and have also been able to merge technology with minimalistic living. It is the millennial generation that have brought the terms “nerd” and “geek” into the mainstream, where these categories are no longer considered negative when mentioned in a millennial conversation.

Millennials Have Grown Up With Technological Advances
What truly separates millennials from Generation Z (those born in the generation after) is the fact that Millennials have grown up with the many technological changes and advancements over the years. Yes, cell phones and internet have always been around for them.
However, the advancement of the internet from AOL dial up to amazing Google fiber speeds have all been a part of the growing up process. The same goes for cell phones. Millennials may have had cell phones growing up, but they have adapted from flip phones to a colored screen to touch phones and smartphones. Millennials are able to use technology just as well as Generation Z because they have grown up with the innovations, and they have not forgotten how far we have come.

What Does This Mean For A Millennial’s Financial Future?


There is a lack of population in Generation Z, meaning the Millennials will not have near the financial backing from social security as the generations before them. Basically, Millennials are contributing to social security, but they will not be receiving the same benefits.

Because of the large amount of debts that many Millennials face post college (i.e. student loans), starting a family is not on the priority list because of the financial preparation. Starting a family later in life means that the retirement age is being pushed up as well. Kids are starting college later in a Millennial’s life, as well as other expenditures such as extracurricular activities, sports, school, etc. Therefore, it is important for the Millennial generation to begin saving and preparing for retirement earlier.
Juggling Savings and Debt
With the amount of student debt that a Millennial faces, it can be quite difficult to put aside savings while juggling with high interest rates from student loans. However, the need to save early is greater than ever.
Christian Financial Advisors® understands that cutting costs and putting aside savings immediately after college is much easier said than done. Finding areas to cut corners and save for the long run is important, especially with how social security and retirement payouts are looking for the Millennial generation are looking thus far.
Living For The Now AND Preparing For The Future!
It is difficult to think so far ahead in the future when it comes to retirement income for Millennials, especially when you are a generation that is living for the now. Why not continue to live for the now while preparing for the future? It may seem like contradicting ideas, but they can go hand in hand.
Where To Start With Saving?

Starting out at $200 / month would be ideal. However, we understand that this is a pretty high number, especially for Millennials just graduating from college. Instead, start in lower increments of $50 / month, and move up from there.
The financial team at Christian Investment Services is here to offer financial advice when it comes to savings, retirement plans, and investments. We understand the Millennial generation, your importance, and we want to make sure that you and your family is well cared for in the years to come.
Contact us to see what changes you can make to help prepare for your financial future!