More people, especially GenZers, are turning to TikTok for financial advice. Here's a breakdown of some of the top trends.
More people, especially GenZers, are turning to TikTok for financial advice. Here's a breakdown of some of the top trends.More people, especially GenZers, are turning to social media for financial advice.
"The idea is that every time you get a paycheck, you're dividing your money between these different cash envelopes, so that you know what you're spending and when you're spending," said Ben McLaughlin, a personal finance expert and president at Raisin U.S. "You take 50% of your income and you reserve that for essentials, again, the groceries, then rent, the car payments and alike. You take 30% for non-essentials, you know things like shopping and maybe the occasional dinner out and then 20% for savings and investment.
Tiktok Hacks Could Help You Manage Your Money Better
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