Category: Managing Debt
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Timeless Financial Wisdom from Baby Boomers
Baby Boomers offer valuable financial insights for younger generations, emphasizing core principles like living below one’s means, avoiding bad debt, and saving early. While adapting to modern challenges, the timeless advice remains relevant: prioritize savings, invest wisely, and focus on long-term goals. Blending this wisdom with technology can empower financial success.
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Why Comparing Finances Online Is Hurting Your Wallet (and Mental Health)
Social media skews how we see money, making us feel behind when we really aren’t. People show off only their wins, leading to anxiety and impulse buys. It’s vital to unfollow the toxic accounts, set personal goals, track your progress, and chat with real friends. Remember, you’re on your own financial journey.
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Is College Worth It? Exploring Alternatives for Gen Z
Gen Z is questioning the college route due to skyrocketing tuition and debt. While college can be worthwhile for certain careers, trade schools, online certifications, apprenticeships, and community colleges offer affordable, practical alternatives. The essential part is choosing what fits your skills and aspirations without drowning in debt.
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10 Financial Terms You Should Know (Explained Simply with Examples)
Understanding essential financial terms is crucial for Gen Z to manage money effectively. Key concepts include budgeting, interest, APR, credit score, and compound interest, among others. Familiarity with these terms lays a strong foundation for better financial habits, empowering individuals to achieve their goals and navigate financial challenges confidently.
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Money and Mental Health: How to Cope with Financial Anxiety
Money isn’t just cash; it’s tied to how we feel. Gen Z faces major financial anxiety from debt, living costs, and social media pressure. Over 70% feel stressed about finances. To manage it, acknowledge your feelings, budget calmly, set small goals, and disconnect from harmful social comparisons. Remember, your worth isn’t just in your bank…
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Tips for Gen Z to Navigate Financial Advice Online: How to Filter the Noise and Focus on What Really Builds Wealth
Gen Z is navigating finances in a digital age, relying heavily on social media for advice, but much of it’s misleading. To build wealth, forget quick hacks and follow solid principles: spend less, focus on your career, prioritize health, and be patient. Real wealth takes time, effort, and smart decisions.
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Top 5 Life Milestones Gen Z Is Postponing
Generation Z is delaying significant life milestones such as homeownership, marriage, parenthood, car purchases, and career advancement due to financial pressures like high costs and debt. Acknowledging this shift, many are strategically reassessing timelines and prioritizing financial stability, recognizing that it’s wise to adapt rather than rush into commitments.
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“Babe, Let’s Talk About Money”: Having the Tough Financial Talk Before Before Tying the Knot
So, getting hitched is awesome, but money chat is key! Before you say “I do,” get real about finances—talk debts, savings, and money habits. Set goals, budget together, and figure out how to handle debts and insurance. Open up about dealbreakers and keep the convo going. It’s all about trust!
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Living with Parents: The Smart Financial Move for Gen Z
More Gen Z adults are living at home with their parents—about 68% of them, the highest since the Great Depression. This trend, driven by rising costs and student debt, often gets a bad rap, but can be a financial strategy. With tips on budgeting and investing, it’s about planning for a stable future.
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Impact of DoE Cuts on Gen Z Student Loan Borrowers
The potential downsizing of the U.S. Department of Education poses significant risks for Gen Z students and borrowers. Planned staffing cuts could lead to fewer repayment options, slower customer service, reduced loan forgiveness paths, and diminished oversight of loan servicers. Staying informed and proactive is essential for navigating these challenges effectively.
The Saving Sage 