Nonessential costs are probably getting in the way of your financial goals.
With so many enticing products and foods out there, it's easy to lose track of how you're spending your money. Here are some tips to maximize the efficiency of your monthly spending.
The average millennial spends about $838 a month on unnecessary expenses. Baby boomers are even more likely to make dining, vacation and specialty coffee a priority. But, in contrast to millennials, they tend to spend more on another priority: gifts for friends and family. It's important to keep in mind that what may seem like a necessary purchase may not always be!
Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.