Millennials, aged 23 to 38, still feel the repercussions of the Great Recession that took place in the late 2000s. The devastating financial disaster that hit our nation has had a ripple effect that threatens the stability of an entire generation to this day.

That alone sounds like bleak news, but not all hope is lost and, since time is of the essence, American millennials still have time to ensure their financial stability in the future. With a few decades remaining between now and retirement age, there are many things you or a loved one can do despite the hardships left behind by the Great Recession.

For starters, surveys show that more than half of people between the ages of 23 and 38 have less than $10,000 saved up for retirement. While not much, it is a start!

Setting a budget and improving financial literacy, two of the most crucial steps when tackling savings, today we decided to uncover 12 tips that will help any millennial in order to secure a brighter future. If you want to learn, click NEXT to find out more!