What does it take for to manage money for Generation Z?
Start early. It’s never too early to start saving and investing. The earlier you start, the more time your money has to grow.
Live below your means. Just because you can afford something doesn’t mean you should buy it. It’s important to live within your means so you don’t get into debt.
Save for a rainy day. You never know when you’ll need some extra cash, so it’s important to have an emergency fund.
Invest in yourself. The best investment you can make is in yourself. Invest in your education and career so you can earn more money down the road.
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Generation Z is the most connected and financially savvy generation yet. To manage money for Generation Z, start with a budget, create a savings plan, and make a debt repayment plan. Educate yourself on financial topics and get professional help if needed. There are many investment options available to Generation Z, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Be wary of anyone who claims to be a financial expert but doesn’t have the qualifications
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