A Large Wedding – I’m all for a party, don’t get me wrong, but weddings have become a little ridiculous. Millennials are entering into years of high debt for one evening.
Dream Vacations – Heading to Chicago for a long weekend is one thing, but if your dream vacation isn’t in your budget just yet, don’t force it in with credit card debt. Hold off, save, and enjoy your dream vacation without the incredible interest.
Gifts – Adults with large social circles and families end up spending a significant amount every month on gifts that are likely not in the budget. It’s a recurring and nonessential cost that adds up quickly.
Dining Out – This is a silent killer of budgets. Eating out never seems to be a huge expense, but when you do it a couple times each week, by the end of the month you can have spent upwards of hundreds of dollars on unnecessary outings.