Ways on how can Millennials start saving money

Millennials have been ranting about money and their ability to save for a rainy day.

However, according to "Relationship With Money" survey conducted by a financial services named Edward Jones, found that Americans who were born between 1981 and 1996 consider themselves as "savers" than those in their parent's Gen-X cohort but that Millennials were also better at stocking emergency funds (75% vs 66%).

Yes, that's right. It is the same Millennial. This debunks the myth that they aren't focused on financial status as other generations." says Edward's Investment Strategist Nela Richardson.

This survey isn't just some outlier. It is supported by other researchs.

Survey by Federal Reserve have found that although Millenials are in big debt, 42% of them have retirement accounts, the highest share for those under 35 years old since the 2001.

What driving Millennials in saving could be stemmed from the lingering memories of the Great Recession.

"In the late 2000's, the oldest cohort of millennials entered the worst job ever since the 1930's Great Depression. With that being said, millennials have gotten more aware of the rist of a market turndown or even some unexpected event, which includes losing a home or job, and so that made them more conservative when it comes to planning for their future and saving money," says Richardson.

Edward Jones' sampled more than 2,000 adults ranging from 18 and over: 92% said that they can see some improvements towards their financial health, although a third of them were “anxious” at the thought of saving money.

Here are the three ways:

~Consider what emotions are money-related: Some people have emotional responses to money. Receiving special bonus could make someone excited or just euphoric; The key is letting your emotions dictate your spending, saving and investing choices can probably lead to poor saving decisions.

~Developing a strategy towards financial: Identifying your main goals it includes payment of new home, your child's education and for your own retirement - and then sticking to a sound, long-term path for attaining them.

~Look for an "accountability partner.": Someone who is whom you are comfortable sharing your finances. Probably a family member. Or a professional financial advisor, Edward Jones, can also be a good help since he has the necessary skills and experience to help you make the appropriate solution for situation.

Whether you are strapped with student debt or trying to build an emergency fund. there are some things must be made to balance these goals for our long financial future, such as investing for retirement. Without a valid or functional strategy, people will tend to be reactive than proactive if their money is controlling them or not.