Money to young women is a bit like doing a set of burpees. Some people are amazingly good at it and some of us just can’t seem to get it right.
I recently took to Instagram to ask women in their twenties to describe how they felt about their money at this very moment,
To say the responses were diverse is an understatement. In one corner we’ve got the savvy savers declaring themselves “stable”, “comfortable” and “A+++ thanks to Barefoot [Investor] and being savvy AF”. But as I expected, it was pretty crowded in the other corner. Some responded with one word, others more depth, but the underlying response was the same. “I thought it would be easier to earn more money”, said one. “Utterly terrified,” said another. “Stressed,” proclaimed a third.
In fact, only about 12% of the responses were positive. The rest were a screaming reminder of how financially disconnected we young millennials are as a generation. I get it, and I’ve felt it.
I’m ashamed to say that in my early twenties, I didn’t even think I needed to save. I didn’t think anyone was saving. I was more concerned about my next ASOS order or my next girls holiday. With wages not budging and house prices rising, it’s no wonder we feel lost.
So we spoke to three women in their twenties about how they feel about their money, their income and where their financial lives are headed.