From vintage finds to Spotify and savings goals, four gen Zers share what budgeting looks like in their real lives

From no-buy-years to second-hand shopping, gen Z seems to have its own unique spending habits. A global rise in the cost of living combined with a highly competitive job market means that 69% of gen Z use some sort of budget to manage their finances.

Their priorities, and what they choose to save for, are different from their boomer counterparts. Gen Z is more likely to spend money on subscriptions, from meal kits to Spotify. There’s also the trend of “doom spending”, which is purchasing non-essential items to cope with either personal or wider political issues.

$40 for electricity

$40 for internet

About $85 on average for gas

$110 for car insurance

$100 for upcoming medical procedure [not included in medical healthcare]

$530 for six months of medical testing, so about $89

$120 for supplements such as painkillers, vitamins, collagen powder and protein powder

$45 for phone

$25 for internet

$8 for renters’ insurance

$150 for gas

$250 for car insurance

$100 for car repairs

$75 for public transport

$250 for food

$25 for bathroom supplies

$10 for household supplies

$111 for insurance

$105 for food

$20 for Spotify

$12 for Hulu

$8 for Apple arcade

About $1,825 for rent

$25 for phone

$60 for gas

$600 for six months of car insurance, so about $100

$10 for food

About $40 for medicine and vet bills

Continue reading…Money, Budget, Food, Fitness, Life and style, Cost of living crisisRead More

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