Good financial habits are a life-long journey — and Gen Z has the opportunity to start off on the right foot.
December 19, 2024 (Chicago) – Financial challenges are on the rise, and for Gen Z, developing smart money habits now can make all the difference in achieving long-term financial wellness. In a recent article with GoBankingRates, Dr. Erika Rasure, Beyond Finance’s chief financial wellness advisor, shared essential financial lessons Gen Z needs to embrace before it’s too late.
Key takeaways from Dr. Rasure’s advice include:
- The importance of budgeting and creating clear financial boundaries.
- How to put loud budgeting into practice.
- Understanding and avoiding financial pitfalls.
Dr. Rasure emphasizes the power of “loud budgeting”—openly communicating financial goals and limits with loved ones. As she explains:
“It can be empowering to share that you have a budget aloud. If it comes up, it is okay to tell people that you are working on your financial goals and will be more discerning with how you choose to spend your money.”
This practice encourages individuals to stay accountable while fostering a supportive environment for achieving financial freedom. Whether it means suggesting a night in with friends instead of an expensive dinner, loud budgeting can help set clear boundaries and reduce financial stress.
As the holiday season approaches, remember that financial wellness isn’t about sacrifice—it’s about making thoughtful decisions that empower you to enjoy the season while sticking to your goals.
About Beyond Finance, LLC
Beyond Finance, LLC, is one of the nation’s largest debt consolidation companies. In its commitment to providing clients with a personalized approach to move beyond debt, Beyond Finance provides simple and transparent solutions that help consumers lower their monthly payments, reduce the impact of interest, and reach a debt-free life sooner. Beyond Finance holds an A+ rating with the Better Business Bureau and was awarded with 3 ConsumerAffairs’ inaugural “Buyer’s Choice Awards” in 2024 for Best Customer Service, Experience with Staff, and Transparency within its category. Beyond Finance has offices in Chicago, Atlanta, San Diego, and Houston. For more information, visit BeyondFinance.com.
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