According to a recent Credit Karma Report, almost 70% of Gen Z is using cash more now than they did 12 months ago.
I think it's good that Gen Z is starting to think about budgeting and taking some financial responsibility."Gen Z is apparently taking it old school when it comes to the Benjamins, and the trend is all overUsing "cash stuffing" or "the envelope method", people take their income for the month minus expenses, then divide the cash into envelopes with different categories – only spending what's in each envelope.
Kuderna continued to say: "So it's a very small segment that's actually even eligible for a credit card. You've got to be 18 to get a credit card and since the Credit Card Act of 2009, it's very difficult under the age of 21 to get a credit card. So, I think of 18 to 21 years old/college age are thinking about their money, how to be smart about it.
According to a recent Credit Karma Report, almost 70% of Gen Z is using cash more now than they did 12 months ago – more than Gen X and Baby Boomers .spoke to used various methods, including apps such as Mint, words docs and the 50/30/20 method – 50 toward savings, 30 toward wants and 20 toward spending.that I have read and agree
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