Gen Z is in a class of their own. They have their own way of doing things that is different from anyone else. Here are some Gen Z-inspired frugal living tips that anyone can do.
Shop Around Online
Gen Z are digital natives, and they use their phones, well, a lot. That makes ordering and shopping online really easy. The best way to do this is to constantly shop around different stores (using various free delivery or pickup options). Keep a cart full of items at various stores and order from the cheapest ones.
Use Bikes or Public Transportation
Gen Z doesn’t drive. Not sure why, but the number of teenage drivers has decreased by 27% as Gen Z gets older. Now, many people use rideshares instead, but try to use bikes or public transportation instead to save on gas.
Abstain From Booze
Gen Z is known for their abstinence: from sex and from booze. The why doesn’t matter for now, but the point is that alcohol costs a lot of money, and by staying away from booze (even just by cutting down), you can save a lot of money.
Diversify Your Food
Gen Z is known to be diverse and inclusive. There is no better place to be than with food. Experiment with cooking different cuisines at home and shop around at local markets. Many cultures have food that is cheaper and healthier than the classic American food, especially those that focus on plant-based eating. This can save you a lot of money.
Negotiate Your Insurance
Gen Z likes to push back on the narrative. Negotiating and asking questions about your bills is a great way to save money on some fixed costs. This especially works great on insurance bills. Ask an agent to shop around for you and always ask for a discount.
Use a Cash Envelope System
While Gen Z is very attached to their phones, they also like certain non-digital trends, especially ones that go viral on TikTok. For example, the cash stuffing trend. While this budgeting method is older than the internet, TikTok has made it cool again, and for good reason, it’s super effective. Consider using this system to take control of your impulse spending.
Read More: How To Use the Cash Envelope System To Budget Your Money Effectively
