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What are Gen Zs saving up for?

23 Jun 2023
What are Gen Zs saving up for?
What are Gen Zs saving up for?

Gen Zs are all about living in the moment, going on adventures, and investing in experiences. Compared to other generations, they have unique spending habits, such as trying new brands and shopping on different platforms. But what are the quintessentially Gen Z things to save up for?

Go and work in your happy place

Whether it’s by the beach or with a mountain view, working outside of your usual office is a great experience, especially when you get to do it for a longer period of time. To get the best of both worlds, you’d need to budget for accommodation, food and drinks, and of course set aside money for activities to do with your friends after work or on weekends. If you feel overwhelmed with how much you’ll need to save, set your target amount on your Go Save account so we can help track your progress.

Go and travel with your friends

Working by the beach may not be for everyone, so here’s another option for you. Travel to a nearby country with your group of friends. Watch out for plane tickets to go on sale and save up to go on food trips, explore new sites, and get great shopping bargains. You can even open a different Go Save account per destination you want to visit to save up for your dream vacation faster.

Go and build a new wardrobe

With countless options at your fingertips, it’s easy to build the wardrobe of your dreams. Save up to shop in Instagram stores, TikTok, or your favorite e-commerce stores to really find the style that suits you. Get some inspiration from fashion influencers, stock up on the basics, and invest in pieces that make you feel confident. Here’s a pro tip: turn on the save the change feature on the app so you can round up what you spend using your debit card and automatically save it to your Go Save account.

Go and try new sports

Life’s too short to always play it safe. Try a new activity alone or even with friends every week. In the metro, you can take dance classes, roller-skate, and sign up for bike tours. A short ride away from the city, you can hike a mountain or learn how to free dive. When you’ve found the activity for you, consider investing in the equipment you’d need to fully experience your chosen activity.

Go and start a small business

While it’s fun to shop and spend, it’s also important to find different ways to generate income. Gen Zs are known for their open mind and innovative thinking, so use that to your advantage. Use your unique skills, passions, and advocacies to make a change in the world and help provide you with a passive income at the same time.

 

The possibilities are endless, especially when you have next-level banking to help you handle your finances. #ItsGoTyme to deposit your money in a Go Save account to earn 5% p.a. interest. This way, you get to grow your savings and go on more adventures.

Don’t worry. Your money is safe with us. GoTyme Bank is regulated by the Bangko Sentral ng Pilipinas and deposits are insured by PDIC up to P500,000 per depositor.  

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