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Anyone who knows details about Millennial money will tell you that our generation was dealt a pretty bad financial hand in the form of crazy student debt. Graduating up to our necks in debt — combined with a weak jobs economy around the Great Recession — meant that the Millennial generation had to work extra hard.

Despite this hard work, most Millennials are avoiding major lifestyle expenses such as buying a home. As a result, many “experts” proclaim that reason behind this is because Millennials waste their money on frivolous expenses. This is how several myths got started, including one idea that Millennials can’t afford homes because they are buying avocados and toast.

Today, we are going to put those Millennial money myths to rest once and for all. Here are 7 examples:

Myth #1: Millennials spend a lot of money on travel.

While there are a few areas where some Millennials overspend their money, it seems that travel isn’t one of them. A recent study found that Millennials are spending less on travel than previous generations. Bon Voyage, myth.

Myth #2: Millennials spend a lot of money on television.

This is simply untrue. The aforementioned study found that Millennials spend lesson television than previous generations. Part of the reason is because Millennials are avoiding cable and spending their money on different television alternatives.

Myth #3: Millennials spend a lot of money on furniture.

Once again, this is just a myth. Compared to older generations, Millennials are spending less on furniture. Part of the reason behind this is because Millennials are less likely to live in houses, and thus require less furniture.

Myth #4: Millennials don’t plan their finances.

This myth is just laughable. Thanks in part to new technology and apps, Millennials are tracking all of their spending. In fact, one study found that 34 percent of Millennials have a written financial plan. Meanwhile, only 21 percent of Generation Xers and 18 percent of baby boomers have a written financial plan.

Myth #5: Millennials don’t save their money.

Millennials are actually the generation that saves more money than any other generation. Nearly two-thirds of Millennials are saving 5 percent or more of their income every year. Meanwhile, you have many baby boomers who are heading into retirement with little to nothing saved.

Myth #6: Millennials spend a lot of money on avocados.

If you actually believe that this is the reason why Millennials can’t afford homes, then something is wrong with you. A few months ago, this millionaire made this very claim, and he faced the wrath of the internet. Let’s get a few things straight: the retail price of an avocado is under $2. Plus, they’re healthy for you. Trust me, Millennials buying fruit is not a financial problem.

Myth #7: Millennials spend more money on coffee than they do on retirement.

While it makes financial sense to brew your own coffee instead of buyin

g it every single day, it seems that this coffee and retirement myth makes no sense. While the average Millennial saves $5,000 every year for retirement, we don’t know how much Millennials are spending on coffee. However, we are pretty sure that Millennials aren’t spending more than $5,000 a year on coffee. So this statement is just a myth and everyone involved with Millennial money should disregard it.