GenZ's Money Troubles: In a world where people are flaunting their best lives on social media while working 9-to-5 jobs, we Gen Zs often wonder how to live a ‘chill life’ while ensuring our bank accounts are also thriving. To find this answer, we turned to Srishti Gosavi, an Instagram influencer and a chartered accountant, known for creating content around financial awareness and travel insights. She focused on how Gen Z’s money troubles are not always about low salaries but are also driven by mindset and habits.
GenZ's Money Troubles (Image Credit: Canva)
In a candid conversation with The Daily Jagran, she broke down the most common financial blind spots young earners overlook and shared practical, no-nonsense ways to fix them. One was a major red flag that GenZs and even millennials often ignore - mindless spending in the digital age. As she put it, “Because it's one tap away, it's very easy and convenient. We just spend without any thought process… digital money is still your money.” With instant deliveries and seamless payments, people nowadays spend more than they realise, often without tracking it at all.
Your Biggest Finance Mistake In Your 20s:
When it comes to mistakes in the 20s and 30s, Gosavi highlighted a serious one: avoiding insurance. “Even today, a lot of people don't have insurance. It's not just about sickness. Accidents can happen anytime, and you never know how life will unfold.” She stressed that insurance was cheaper when you’re young and essential from the moment you start earning.
Her most important rule for GenZ before their salary even hit their account? “Always plan for investment before you plan for expenses.” According to her, prioritising investments first prevented overspending and under-investing later.
GenZ's Money Troubles (Image Credit: Canva)
Do You Maintain A Saving Account?
When asked about maintaining savings while still enjoying life, a major concern for young adults, Gosavi got practical. She explained that EMIs or rent should ideally stay within 30 to 40 per cent of one’s income. She added, “At least 60 per cent of it should remain with you, so that you can invest 40 per cent, while the remaining 20 per cent can be used for bills, groceries, or personal entertainment.”
Are Multiple Incomes Essential?
Do you also feel the panic of having multiple incomes in this fast-paced world? The finance influencer firmly stated, “Having multiple income streams does not mean you have to work for the second stream.” Passive income through bonds, fixed deposits, or rental income can take away your financial pressure without the burnout.
She also called out GenZ’s online obsession with constant newness and promotes sustainability. “A lot of people are buying new outfits for every occasion, and they are not repeating the outfits,” warned that the loss of minimalism is one of the most prevalent issues that is hurting their finances.
GenZ's Money Troubles (Image Credit: Canva)
Lastly, Srishti Gosavi shared the money myth she wants cancelled in 2026, "Not many people realise, but a debt can really help you out for your big dreams, when your own money couldn't help you. For example, getting a home loan which is at an all-time low rate. can help you really buy your dream house.” Both credit cards and debts can work in your favour if you don’t fear them and use them wisely.
So, which of the above-mentioned money-saving strategies did you like the most and plan to adopt in your lifestyle?
She also called out GenZ’s online obsession with constant newness and promotes sustainability. “A lot of people are buying new outfits for every occasion, and they are not repeating the outfits,” warned that the loss of minimalism is one of the most prevalent issues that is hurting their finances.
GenZ's Money Troubles (Image Credit: Canva)
Lastly, Srishti Gosavi shared the money myth she wants cancelled in 2026, "Not many people realise, but a debt can really help you out for your big dreams, when your own money couldn't help you. For example, getting a home loan which is at an all-time low rate. can help you really buy your dream house.” Both credit cards and debts can work in your favour if you don’t fear them and use them wisely.
So, which of the above-mentioned money-saving strategies did you like the most and plan to adopt in your lifestyle?