News Summary

• Rather than project a false sense of prosperity and display consumer goods that they can’t afford, young people are living more honestly, with respect for their personal budget, according to the "loud budgeting" money trend..
• "10 THINGS YOU CAN DO RIGHT NOW TO FINANCIALLY PLAN FOR YOUR FUTURE Rather than project a false sense of prosperity and display consumer goods that they can’t really afford, people are living more honestly and openly, with respect for their personal budget, Sandberg said..
• HOW TO TACKLE YOUR FINANCIAL RESOLUTIONS IN 2024"Between high interest rates, inflation and student loan payments going back into effect, many Gen Zers are facing headwinds when it comes to saving money," she said..
• Many in this generation "are shocked by the cost" of everything, said one expert.To that end, Eckels said many Gen Zers have spent most of their life being tempted by social media influencers showcasing costly products and experiences..
• "Rather than feeling pressure to keep up with the Joneses, people are saying, ‘I just can’t afford it and that’s OK.’" (iStock / iStock)"And as this generation comes of an age where they’re seeking financial peace of mind, many are shocked by the cost of it all," Eckels added..
• (iStock / iStock)The loud budgeting trend reaffirms that it’s OK to have financial goals and make sacrifices to meet them, said Jaime Eckels, partner and certified financial planner with Plante Moran Financial Advisors in Auburn Hills, Michigan..