Money Talks, but Do You Listen? Simple Answers for Smart Decisions (Part 8)

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 Is Gen Z Navigating the Housing Market

What it is:
With housing prices rising, Gen Z is facing challenges in entering the housing market. Many are opting for renting longer, while others are exploring alternatives like tiny homes, co-living, or house hacking.

Why it matters:
Understanding the housing market, savings for a down payment, and exploring unconventional housing options can help Gen Z avoid falling behind in the property game. Rent-to-own programs and first-time homebuyer incentives can be useful financial tools to explore.

Why is Mental Health Linked to Gen Z's Financial Choices

What it is:
For Gen Z, financial stress and mental health are deeply connected. The pressure to manage student debt, career uncertainty, and housing costs can be overwhelming.

Why it matters:
Financial education isn’t just about numbers—it’s also about addressing the emotional side of money. Creating healthy financial habits, understanding how to manage stress, and setting achievable goals can help Gen Z maintain both their financial and mental well-being.

What Role Does Financial Technology (FinTech) Play in Gen Z's Money Management

What it is:
Gen Z is very comfortable using FinTech apps for budgeting, investing, trading stocks, and even managing cryptocurrency. Popular apps like Wealthsimple, Robinhood, Mint, and Acorns provide easy-to-use tools for managing money.

Why it matters:
FinTech allows for greater transparency, accessibility, and ease of managing finances. Gen Z should continue to explore these tools to make smarter financial decisions, but also ensure they understand the risks (e.g., volatility in trading apps, hidden fees).

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