Are you young? Are you sassy? Do you have thousands of dollars of bills piling up on your counter and $47.32 in your checking account?

Or perhaps you’re not in this exact situation, but you know/love/parent a person who has way more looming debt than income to cover it.

millennials and their money

I need your help! And it’s not even going to cost you anything, although I can’t pay you anything to help ease the problem. Very soon a new ministry is hitting the web waves, and it’s aimed directly at millennials.  I’m going to be one of the bloggers for this exciting new venture, and at a meeting yesterday the topic of finances came up. It turns out that millennials have a wee bit of stress over the money situation, and who can blame them? They’re graduating from college with $135,287.00 in student loans and then they get jobs making $23,000 a year, with no benefits.

But those college diplomas look very spiffy when framed and hung upon the wall.

(The wall of their parents’ basement, where they are living, because they cannot afford rent and food and student loan payments.)

And then some of them get married, as folks are wont to do, and then the babies come along, and don’t get me started on the cost of medical procedures these days. Getting the baby out is very, very expensive if you want to have some medical attention while you do it.

Of course, some people prefer to give birth on their dining room floor, and while those people are welcome to live their lives any way they choose, I think they are crazy and most people think hospitals are very nice places to welcome tiny humans into the world. But we cannot deny that giving birth in your very own home is probably a little bit more frugal than the luxury of nurses who bring you refreshing beverages as you recover, and also that blessed human known as an anesthesiologist.

May anesthesiologists everywhere accept my profound thanks for doing your jobs. But you are quite, quite expensive.

Then those tiny humans grow a bit and they need everything, which costs all the dollars. Food, clothes, car seats, and after school activities like hockey and cheer team. All this while the parents’ student loans still loom in the background, and you have young adults who are having slight nervous breakdowns every time they swipe their debit card at the grocery store.

Even if a youngish person holds off on the marriage and children, finances are still an issue. Lending regulations have tightened, making purchasing a home difficult. Cars cost approximately as much as a modest villa in the French countryside. But good news– beans and rice are still very affordable.

So, whether you’re married with three kids or single with three cats (there’s nothing wrong with this option), you might understand this financial predicament of which I speak. Here’s where I need your help. I want to write a series of blog posts for people aged 22-35 years old, and I want to know the following:

  1. What causes you the most financial stress?
  2. How much student loan debt do you carry?
  3. What are your financial plans for the future?
  4. Is there anything you’re not able to do because of your finances?
  5. What would be the most helpful thing you could read in blog posts about money? Are you looking for encouragement, biblical advice, success stories of peers, or links to helpful resources?

If you, like Eric and me, are too old to technically fit into this category, chime in anyway. You must have stories of other young people, or concerns for your friends and family. Anything will help! You can reply in the comments below or at my Facebook page: .

Thanks in advance! Your input will multiply out to thousands of readers, and I can’t wait to hear what you have to say.

Better to have little, with godliness, than to be rich and dishonest. (Proverbs 16:7, NLT)

6 Comments on Young, Sassy, and Completely Broke? Millennials and Their Money

  1. Kristen
    January 20, 2015 at 10:16 pm (3 years ago)

    1. What causes me the most financial stress are those “stupid” debts I incurred in my late teen/young 20s….before I really knew better, or cared.

    2. My student loan debt is about $20,000 and currently increasing as I’ve finally decided what I want to be when I grow up, you know, now that I’m 32!

    3. My finacial plans are to become debt free. Slowly working toward that goal.

    4. I would love to be able to take my son on vacations, but can’t right now due to debt needing to be paid off.

    5. I think encouragement, Biblical advice, helpful information and resources would be great!

    January 21, 2015 at 12:38 am (3 years ago)

    Sounds like an interesting project. However, it makes me feel old.

  3. Jessie Clemence
    January 21, 2015 at 11:28 am (3 years ago)

    Me too, a little bit. There’s one blogger who’s a tad bit older than I am. But only one.

  4. Jessie Clemence
    January 21, 2015 at 11:29 am (3 years ago)

    Thanks, Kristen! That’s very helpful insight. You’re a peach.

  5. David
    January 21, 2015 at 12:45 pm (3 years ago)

    I am a blogger who is a tad older than some (but not all) but I have had three out of five children go to Uni. The system in the UK has gone from free with grants, to college fees and student loans. We’re not quite up there with the US yet regarding the size of student debts, but they are getting bigger. Here the student loans are recovered by the government through taxation when graduates reach a certain level of salary. As Nick works for the church he will probably never have to repay his loan.

    Interestingly, Beth (now on her gap year with Youth for Christ) has voiced an opinion that University is probably an expensive waste of time and she would prefer to get experience instead of a degree. Currently she has no plans to go to University. But being on a gap year and living by faith has taught her to be careful with money and if possible only spend other peoples. Hence the cellphone call when I was at the supermarket over the Christmas holiday: “Dad, please can you get me some shampoo and conditioner while you are in the shop?” I try not to let her go shopping with her mother.

    January 21, 2015 at 2:44 pm (3 years ago)

    That hurts.
    I used to like you.