Game Changers: How Millennials Are Changing How We Use Money

Game Changers: How Millennials Are Changing How We Use Money

They’re creating an overhaul of the financial landscape.

Each generation makes its mark on the world, and millennials are no different. They’re creating an overhaul of the financial landscape. Digital currency wasn’t talked about 10 years ago, and instant financial transactions are becoming more and more popular. Millennials are totally changing money. Here’s how.

Crowdfunding and Side Hustling Grow

Millennials are making money in ways people never imagined. Crowdfunding lets entrepreneurs get their business started with funding campaigns instead of more traditional methods. It’s a great test of the market for their product as well, seeing the popularity and the types of people who are interested in buying.

Side hustling has become popular to make extra cash among young adults. You don’t have to take on a structured part-time job for an income boost anymore. Things like Uber and AirBnB let you use things you own — like your car or house — to make your extra money. There are jobs where all you need is a smartphone or computer. There are almost limitless opportunities to make some money on the side.

Money Comes Instantly

Millennials aren’t patient when it comes to getting their money. Services like Venmo and PayPal send and receive money instantly. Whether it’s a friend who owes you money or you’re buying something off of eBay, the transaction can be completed in an instant. While it’s mainly domestic at the moment, there are sure to be more and more international features soon enough.

Digital Currency Is Real Currency

People laughed at Bitcoin in the early days, but recently hit a three-year high, being valued at $1,000 in trading. Bitcoin also launched the starts of a ton of imitators and competitors. You can spend cryptocurrency wherever it’s accepted, making it actual currency that’s used largely by young adults. And it’s still in its infancy.

Recently, Pavel Bains wrote a piece for CoinDesk saying he believes individual cities will soon create their own digital currencies. He argues many cities would strengthen by having a currency that meets their own interests rather than the national ones. In fact, Liverpool, England just introduced its own digital currency in early February. It uses an app-based service that records transactions on the Bitcoin blockchain network.

Because millennials are partial to it, digital currency could get even more widespread with these implementations. Though it might not ever replace credit cards or cash, it could establish itself as a popular form of money.

The Relationship With Banks Is Changing

Most millennials have grown up with computers all of their lives. Therefore, it makes sense they want digital services from their banks. They don’t want to have to walk into a brick-and-mortar bank branch to make a deposit. Therefore mobile depositing and banking apps have been growing more widespread. Even small local banks are getting in on it.

Banks are also trying to satisfy the instant money desire by introducing real-time payment services. Virtual wallets and cardless ATMs are on the horizon, too, if they aren’t already in place at institutions. With millennials’ desire for digital, banks are adapting to keep attracting new customers.

Coupon Clipping Is In the Past

Millennials don’t want to waste their time clipping coupons to take to the store. They’re all about quickness and efficiency. Therefore, rebates are becoming super popular. Instead of saving money upfront, they get cash back after shopping.

Some apps link to your loyalty cards, while others work by submitting a picture of your receipt or scanning the code. You can get straight up cash or use the rebates you earn toward various gift cards.

While utilizing both coupons and rebates could save the most money, millennials choose the less-time-consuming option. They value their time more than they value getting an extra 50 cents off of a carton of orange juice. Not to mention, this generation will travel in order to pay less at a different store, having done their complete research beforehand.

Less Haggling, More Fixed Prices

The dreaded days of spending your whole day at a car dealership trying to agree on a price for a vehicle are hopefully coming to an end. Millennials are used to researching and buying everything online. They do their research before they get to a dealership and usually have their mind made before they get there. They aren’t looking for a salesman. Sometimes they don’t even want to go into the dealership.

It’s tricky to eliminate all the negotiating, like when trade-in values come into play, but car dealerships are molding to the demands of millennials. Tesla has already been selling cars at fixed prices, and General Motors and other brands are starting to follow.

Money is changing, and that’s a fact. The world is shifting to accommodate the demands of a new generation. Who knows what’ll come next?

Cover Image Credit: Pexels

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To The Friends I Won't Talk To After High School

I sincerely hope, every great quality I saw in you, was imprinted on the world.


So, for the last four years I’ve seen you almost everyday. I’ve learned about your annoying little brother, your dogs and your crazy weekend stories. I’ve seen you rock the awful freshman year fashion, date, attend homecoming, study for AP tests, and get accepted into college.

Thank you for asking me about my day, filling me in on your boy drama and giving me the World History homework. Thank you for complimenting my outfits, laughing at me presenting in class and listening to me complain about my parents. Thank you for sending me your Quizlets and being excited for my accomplishments- every single one of them. I appreciate it all because I know that soon I won’t really see you again. And that makes me sad. I’ll no longer see your face every Monday morning, wave hello to you in the hallways or eat lunch with you ever again. We won't live in the same city and sooner or later you might even forget my name.

We didn’t hang out after school but none the less you impacted me in a huge way. You supported my passions, stood up for me and made me laugh. You gave me advice on life the way you saw it and you didn’t have to but you did. I think maybe in just the smallest way, you influenced me. You made me believe that there’s lots of good people in this world that are nice just because they can be. You were real with me and that's all I can really ask for. We were never in the same friend group or got together on the weekends but you were still a good friend to me. You saw me grow up before your eyes and watched me walk into class late with Starbucks every day. I think people like you don’t get enough credit because I might not talk to you after high school but you are still so important to me. So thanks.

With that said, I truly hope that our paths cross one day in the future. You can tell me about how your brothers doing or how you regret the college you picked. Or maybe one day I’ll see you in the grocery store with a ring on your finger and I’ll be so happy you finally got what you deserved so many guys ago.

And if we ever do cross paths, I sincerely hope you became everything you wanted to be. I hope you traveled to Italy, got your dream job and found the love of your life. I hope you have beautiful children and a fluffy dog named Charlie. I hope you found success in love before wealth and I hope you depended on yourself for happiness before anything else. I hope you visited your mom in college and I hope you hugged your little sister every chance you got. She’s in high school now and you always tell her how that was the time of your life. I sincerely hope, every great quality I saw in you, was imprinted on the world.

And hey, maybe I’ll see you at the reunion and maybe just maybe you’ll remember my face. If so, I’d like to catch up, coffee?



Cover Image Credit: High school Musical

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When You Decide You Don't Love Me Anymore

I'll forgive you.


I never thought I would write this, but I feel like I have to: there will come a day where you won't love me anymore. This won't be a sad day, but instead a day I have waited for all along. You see, they all leave and that is perfectly okay. People may not be meant to be in my life for all of it, not in any of our lives but this is normal and although initially saddening it is a part of our lives and inevitably part of our journey.

When this time comes I want you to know that we did our best, that we were in fact in love once and that we had hoped it would blossom into a lifetime commitment but it didn't and I accept that and will respect you always. I know you did not wake up one day out of the blue and stop loving me, I know this feeling grew over time in your heart and that it was not something you planned on. I respect this.

You were the only person I trusted and the one I loved the most, but nothing lasts forever and I hope you can understand there is no animosity here and certainly, no stone left unturned. We just are not those kinds of people, we would have tried everything to keep our love burning bright and tried for quite a while to understand where the cracks began so that could fix them, it just isn't that simple. Love is a long complicated process, you know that and falling in love with me couldn't have been easy, I am misunderstood and stubborn as all hell and I am FULLY aware of that but that does not mean I didn't try to ease up on you, I promise I did my best.

I have always done my best to understand you, to make you happy, to keep the flame alive, but it has been extinguished. Love does that sometimes, it is there one day burning bright and then it slowly starts to dim with every fight, every unrequited "I love you" and every day passing by in which we spoke less and less about the things that mattered and more and more about worthless things.

This is all okay, it is a season of life, a part of our lives in which we do suffer but one we must grin and bear. I want you to know that I will always love and care for you, although it is now in a much different way, now we no longer look at each other with doting eyes and open hearts but instead with the freedom to let go and move on.

It is time for us to go on with our lives and find a new adventure, one that will light our hearts on fire instead of continuing to snuff our joint flame. You will always be in my memory and a huge part of my life that I once had but I accept that it's over and that time sometimes wears on things as it has worn on us.

You are the love of my life and that is truly the reason I must forgive you.

Goodbye, my love.

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