I think it is essential for 20- and 30-somethings who are renting to actually SAVE some money. It is easy to blow every cent you have on eating out or ordering take-out almost every night, bar tabs, not to mention clothes, electronics, cars, and inflated rent in hip areas. Running up credit card bills.
Like, you are paying $200 or more a month for the latest i-phone and data plan and cable, etc, but can’t get to work when your car needs a repair because you don’t have $400 to fix it. I’ve certainly known a few.
Fun, fun, fun…but fewer options in the long run.