How you drop dollars.may depend on where you fall on the generation time-line.
"We wanted to see how three different generations differed in terms of the trade-offs they were making today in order to reach the lifestyle goals they wanted in the future," Suzanna de Baca, Financial Planning Expert, said.
The financial trade-off study first asked about fiscal ambitions.
For 50 to 68-year-olds, the responses were not shocking.
"Baby boomers, not surprisingly, were very focussed on retirement," de Baca said.
Ages 32 to 49 answered a little differently.
"Generation X, who's kind of in the middle, are still saving for some of the things they want in their lifestyle, while keeping an eye on retirement," de Baca said.
Ages 13 to 31 responded with their own financial priorities.
"Millenials who are younger and just starting out, are thinking a lot about paying down student loan debt," de Baca said.
Then the study questioned: what expenses are you cutting down on the most?
"Eating out, entertainment, clothing and shoes," de Baca said.
Scaling back on "fun money" is saving the average person about 200 bucks a month.
So, what generation is best at snipping extra spending?
"We saw that millenials are more likely than other generations to actually say they're cutting back on every single discretionary expense we asked about," de Baca said.
That doesn't mean millenials have reached financial finesse.
"Millenials are less likely than other generations to have a monthly savings plan, which is key," de Baca said.
De Baca has advice for all three generations.
"Really think about their budgets, a savings plan, and the trade-offs they need to make today in order to get where they'd like to be financially in the future," de Baca said.