---
title: 5 Money Tips for Millennials
description: Mandi Woodruff of Yahoo! Finance has advice for young adults about savings, student debt, and salaries.
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published: '2015-12-04T16:07:08.000Z'
modified: '2024-04-16T09:11:48.000Z'
section: Personal Finance
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![Screen Shot 2015-12-03 at 10.32.48 AM](https://img.money.com/2015/12/screen-shot-2015-12-03-at-10-32-48-am.png)

[Mandi Woodruff](http://finance.yahoo.com/blogs/author/mandi-woodruff/?bypass=true&ltr=1) of Yahoo Finance shares some tips on how millennials can save money while managing expenses.

**Start saving early.** Saving is something you'll eventually have to do, so why not start now?

**Start saving as much as you can, even if it's just a little bit.** Start putting some money aside, regardless of the amount. You never know when you're going to need to dip into those savings.

**Pay off your student loan debt.** Your student loans aren't going anywhere. Rather than suffering, do some research to find out if you qualify for easier student loan repayment plans.

**Negotiate your salary.** You have skills. Get paid for them.

**Ask what's a good base salary and then aim 10% higher.** Do some research on what the average base salary is in your field, and ask for 10% more. Online resources such as [Glass Door](https://www.glassdoor.com/index.htm) can provide a gauge of standard industry salaries.

**Read Next: [What Older Workers Can Learn from Millennials](https://money.com/older-workers-learn-millennials-career-tips/)**

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