“Gen Z rocks the game: Balancing financial and mental health!”

January 22, 2024
1 min read

TLDR: A new trend among Gen Z is “soft saving,” which prioritizes personal growth and mental health over financial security. This approach rejects the traditional hustle culture and emphasizes quality of life in the present rather than saving for the future. Gen Zers have been affected by a turbulent economic environment, including the pandemic, inflation, and high student loan debt. Many feel uncertain about the future and are hesitant to set long-term financial goals. However, experts suggest finding a balance between short-term happiness and long-term financial security by setting realistic goals and saving what you can. Soft saving doesn’t mean sacrificing your quality of life, but rather investing in personal growth and mental well-being so that you can eventually focus on investing for the future. Tips for saving money include paying off debt, building an emergency fund, and learning about different budgeting methods.

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