Erin Lowry writes Broke Millennial, a weekly blog designed to help members of “Generation Me” become fiscally responsible.
Dealing with debt can be an anxiety inducing experience. The notion of being able to save while struggling to make ends meet is simply laughable. How dare someone suggest you build an emergency savings fund, or contribute to retirement when student loans, rent and credit card bills already eat up more than 60% of your monthly income? Even though it feels hopeless, there actually is a path to balance the opposing forces of paying off debt and saving for the future. In fact, you can get there in just five steps.