SAVING ; FROM A GEN Z PERSPECTIVE

I recently saw this trending clip of some Gen Z's saying " you don't have to save, it may reach a million and then who will spend it, because you might die." Later on I saw Llewellyn Ouya reacting to the sentiments on Instagram.? As it is the norm, I ran to the comment section and as you would expect it, my fellow Gen Zs had reported right on time.

The comments section was breathing Fuego (fire). Some went as far as discrediting Ouya's money-savvy advice. They asked him," wewe umesave ngapi na hiyo wisdom yako." Transalting to how much have you saved with your wisdom. Of course it's a free speech generation but I can't dismiss one's sentiments without putting them to the test. On a scale of wisdom to me Llewellyn Ouya makes sense, his short social commentary content comes in handy for those who want a particular topic broken down. Moreso in the line of finance and tech. I am slowly gaining enlightenment in the world of Money market funds.

?Back to my Gen Z story, while presenting my pitch to some brand (name kept anonymous), I asked them; " do you feel Gen Z's are less financially literate as compared to other generations?" One of them answered; she thinks it's across board. Another said; mostly it depends with where you are coming from. Another said; how about we put this to the test and so I am putting you to the test. What's your answer? Do you feel Gen Z's are less financially literate or it's across board, all generations and what you know depends with an individual?

Money is one topic that gets us emotional, sentimental, intellectual however less or more. So we need to handle it with caution. I asked a fellow Gen Z, do you think one can save to just buy alcohol? And he told me with that you'd be mistaken to be mad. But again he had a point, that some youths would save but when the pressure hits they would break the bank. Another guy hinted to me of how, he knows certain things would cost him but he can't postpone leisure and luxury in the name of saving.

All I have to say is, you can't argue with good savings when you are broke, drawn from the characteristic of money being a scarce commodity and thus the need of using it sparingly. Money isn't always on a constant flow even for the billionaires. For Gen Z's to look at it from the perspective of it needs not to be saved is a saddening case.

How about looking at your savings as "money saved to save you" bad days are always on the horizon.

I stumbled upon a meme that said "I wasn't given a piggy bank growing probably that's why I don't how to save". Shouldn't it be instilled in us from a young age?. It should be for sure. With uncertain economic times, we can bank on the little we have.

A place to start is the Chumz.io app as your launch pad into the savings world.

?By Isaac Oketch