Frugal Millennials

This might be a crazy thought but.... I think the Millennial generation will be built on frugality.  

In the last two years, my friends (including myself) have reluctantly moved back in with our parents in hopes of saving money and finding a job (any job).   I, for one, had always said over my dead body I will move back home.  Well after my May 5th, 2009 graduation date, I packed up my apartment and headed to live with my new roomies, my mom and dad.   Luckily I ended up finding a good job, saving a ton of money so that I was completely ready to be independent when I moved out.  But there are still many that have to rely on their parents for support 1-2 years out of college.  

Many of us heard from our parents (the baby boomers) that we need to save, that we shouldn't make the same mistakes they did.  I can honestly say I for one am heeding this advice.  My credit card is for gas and gas alone and I am saving as much money as possible, while paying off all of my bills on time (don't get me wrong I still have a lot fun too!!).  And I'm not alone in this.  Most of the recent graduates I know, have had no problem moving home and living for free for a while.  This way they are prepared for whatever life throws at them in their early 20's. 

I've constantly heard Generation Y is the first generation that wants to change the world, that wants to help others and change lives.  This may be the greatest trait that we have.   And I think in the long run we have an excellent chance to do this considering the fact that we will all have vast savings to play on as well as support whatever cause is close to our heart.