Money Talks, but Do You Listen? Simple Answers for Smart Decisions (Part 7)

In a world where finances shape much of our lives, it’s important to educate ourselves about money—from understanding credit to avoiding scams. Noha takes a deeper dive into some essential questions and answers to help you make informed choices in this Money Talks series.

How Can I Avoid Falling into the Trap of "Financial Caregiving" for Others

What it is:
Many women, especially those with elderly parents or children, can end up taking on the financial burden of caregiving. While this is often out of love, it can impact personal savings and retirement plans.

Why it matters:
It's essential to set boundaries and prioritize your own financial health. Developing a clear plan for balancing caregiving with your financial goals can prevent burnout and ensure you're financially secure for your own future.

How Does Gen Z Approach Money in the Digital Age

What it is:
Gen Z has grown up with smartphones, digital wallets, and online banking, making them more comfortable with managing money through apps, cryptocurrency, and digital platforms.

Why it matters:
This tech-savvy generation is more likely to use apps for budgeting, investing, and even trading crypto. Understanding how to navigate these platforms securely is essential to making smart financial decisions in the digital age.

How Is Social Media Influencing Gen Z's Spending Habits

What it is:
Social media platforms, especially Instagram, TikTok, and YouTube, have a huge impact on Gen Z's purchasing behavior. Influencers, brand partnerships, and viral trends often drive purchasing decisions.

Why it matters:
Gen Z has learned to shop through social media ads and influencer recommendations, making them more susceptible to impulse buys. Being aware of these influences can help Gen Z make more intentional, budget-conscious purchases and avoid overspending.

PRO TIP: Start simple and stay consistent!

About the Author: Noha Fazili’s personal journey, shaped by growing up in a conflict zone, has fueled her deep passion for promoting financial literacy, particularly among women. She is driven by her belief that education is the foundation for personal and collective empowerment. Noha earned her MBA at Smith School of Business at Queen’s University in Ontatio and works in Wealth Management at Royal Bank of Canada