Financial Literacy for Gen Z

Financial Literacy for Gen Z

Financial Literacy for Gen Z

Empowering the next generation with money management skills

Why Financial Literacy Matters

Gen Z, born between 1997 and 2012, faces unique financial challenges. From student loans to credit cards, understanding money is crucial.

Mastering Budgeting

Start by creating a budget:

  • Track Income and Expenses: Understand where your money comes from and where it goes.
  • Set Savings Goals: Allocate a portion of your income for savings.
  • Use Budgeting Apps: Apps like Mint or YNAB can help you manage your finances effectively.

Investing Basics

Learn about investing:

  • Stocks, Bonds, and Mutual Funds: Understand the basics of these investment vehicles.
  • Roth IRA: Consider opening a Roth IRA for tax-free retirement savings.

Avoiding Debt Traps

Debt can be a challenge:

  • Interest Rates: Know how interest rates work.
  • Credit Scores: Understand how your credit score affects your financial health.
  • Pay Off High-Interest Credit Cards: Prioritize paying off debts with high interest rates.

Remember, financial literacy is a lifelong journey. Stay informed and make smart money choices!

Teri Meher: Genz Financial

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