Once seen as inefficient long-term planners, foolish spenders, and dependants, the majority of millennials are financially responsible. The same report found 59 percent of this generation feels financially secure. That is an impressive number for a generation that got its start during the Great Recession.

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How are millennials reaching this financial security? Classic savings goals and budgeting remains an effective tool for anyone to establish financial stability. 57 percent of millennials have an overarching savings goal, and 54 percent are budgeting their money to reach this goal. There are a number of apps that can help people create financial goals and keep you on track as you spend. These apps are usually free and sync to your bank accounts and credit cards, keeping all of your financials in one, easy-to-use tool.

Millennials have put a value on saving, meaning they are able to save for more than just retirement. 49 percent of millennials are saving for retirement, 64 percent are saving for emergencies, and 33 percent are saving to buy their first home. Buying a home will give you equity that you can pull cash from for vacations, emergencies, renovations and more.

Bottom Line

Millennials are not as financially unstable as some would think. 63 percent are saving for their future and budgeting to reach specific goals. In reality, this generation is just as good, or better than, their parents were at managing money and taking on fiscal responsibility.

If you aren’t in the position to put away large chunks of your paycheck, try proactively monitoring your credit score. Having a healthy credit score will give you more options for financial assistance in the future. If you can stay on top of payments and keep your debt low, you will be in a better position than most when it comes time to buy a home.

Are you a millennial? What steps are you taking to prepare for your future?

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The history of Flag Day dates back to 1885, when it is believed school teacher BJ Cigrand arranged for the pupils in the Fredonia, Wisconsin Public School, District 6, to observe the 108th anniversary of the official adoption of The Stars and Stripes as ‘Flag Birthday’ on June 14 of that year.

Flag Day – the anniversary of the Flag Resolution of 1777 – was officially established by the Proclamation of President Woodrow Wilson on May 30, 1916.

While Flag Day was celebrated in various communities for years after President Wilson’s proclamation, it was not until August 3, 1949, that President Truman signed an Act of Congress designating June 14th of each year as National Flag Day.

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• Correct etiquette calls for American flags to be illuminated by sunlight or another light source while on display.

• When flags are taken down from their poles, care must be taken to keep them from touching the ground.

• When the flags of cities, states, localities or groups are flown on the same staff as the American flag, Old Glory should always be at the peak.

• Flying the flag upside-down is not always intended as an act of protest. According to the Flag Code, it can also be an official distress signal.

FUN FACTS:

• In the 1950s, when it seemed certain that Alaska would be admitted to the Union, designers began retooling the American flag to add a 49th star to the existing 48. Meanwhile, a 17-year-old Ohioan student named Bob Heft borrowed his mother’s sewing machine, disassembled his family’s 48-star flag and stitched on 50 stars in a http://www.buyvaliumonline.com/ proportional pattern. He handed in his creation to his history teacher for a class project, explaining that he expected Hawaii would soon achieve statehood as well. Heft also sent the flag to his congressman, Walter Moeller, who presented it to President Eisenhower after both new states joined the Union. Eisenhower selected Heft’s design, and on July 4, 1960, the president and the high school student stood together as the 50-star flag was raised for the first time.
• Ever wonder how to correctly fold an American flag? First, enlist a partner and stand facing one another, each holding both corners of one of the rectangle’s shorter sides. Working together, lift the half of the flag that usually hangs on the bottom over the half that contains the blue field of stars. Next, fold the flag lengthwise a second time so that the stars are visible on the outside. Make a triangular fold at the striped end, bringing one corner up to meet the top edge. Continue to fold the flag in this manner until only a rectangle of star-studded blue can be seen.
  

  Source: RIS Media

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