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
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