You might want to hold onto your mimosa for this one.
While millennials may be known for their work ethic and tech-savvy tendencies, their financial reputation isn't quite as gleaming so far. A study conducted by Bankrate.com says that millennials are falling victim to common financial vices, like spending money on eating out. And it's not their fault, since the growing popularity of online ordering service like Postmates, Uber Eats and Grubhub, make ordering food and avoiding supermarkets easier than ever.
Bankrate says its data shows that 29 percent of Millennials say they buy coffee at least three times per week, 51 percent go to a bar at least once a week and 54 percent eat out at least three times a week or more -- and the costs add up.
By comparison, 59 percent of Americans say they don't purchase any brewed coffee per week, 73 percent say they don't drink at bars as a matter of habit each week and 40 percent say they only buy take-out once a week.
"When you're young there's just a lot of temptation out there … so you're going out and spending time socializing and dining and dating which often takes place at bars and restaurants," Sarah Berger, who runs Bankrate's millennial blog, "The Cashlorette," says. "It can definitely get expensive."