If you were born between 1981 and 1996, you’re a millennial. By January 2026, you’ll be in your 30s or 40s. Financial experts recommend adopting money habits for retirement planning, savings, and investments. Millennials should avoid lifestyle inflation and prioritize building wealth for major goals like homeownership and retirement.

For millennials receiving a year-end bonus, the average amount is between 2.4% and 2.9% of their total annual compensation. This extra money can be used to bolster savings or investments for the new year. Creating an emergency fund is crucial to protect against unexpected expenses and avoid financial crises.

Millennials are advised to focus on traditional investing strategies and disciplined, tax-efficient wealth-building. By contributing to 401(k) plans, IRAs, and other long-term investments, millennials can achieve financial freedom through planning and consistency. Paying off low-interest debts, in addition to high-interest debts, is essential to free up cash flow for future financial goals.

Cutting back on unnecessary subscriptions and memberships can save hundreds of dollars annually. Budgeting and subscription-tracking apps can help identify worthwhile expenses and redirect money towards investments or debt payoff. Eliminating unnecessary costs can lead to financial freedom and a sense of liberation.

Financial experts recommend millennials adopt money habits for 2026, including retirement planning, saving, and investing. Avoiding lifestyle inflation, prioritizing wealth-building, and cutting back on unnecessary expenses can lead to financial security and freedom in the future.

Read more at Yahoo Finance: 5 Money Habits Millennials Need To Adopt in 2026, Even If Begrudgingly