This summer, young Americans are gearing up to socialize more. But those outings and trips will come at a cost, and many Gen Zers aren’t feeling so hot about their finances.
A recent Cash App survey found 65% of Gen Zers are ready to increase their spending for experiences this summer, but an equal-sized share say that planning those costly activities makes them anxious.
It may be nice to get rid of that anxiety altogether, but “trying to eliminate all financial stress or anxiety isn’t realistic,” says Lindsay Bryan-Podvin, a financial therapist and founder of Mind Money Balance.
For starters, some financial stress can be healthy. In the short-term, it can help you realize what’s most important to you and help you develop a broader financial plan that reflects your values, Bryan-Podvin says. Stress can also be motivating and help encourage you to stay on track.
But if you’re trying to make a big financial decision like whether to take a trip with your friends or buy a new car, it’s wise to make sure you’re in the right headspace to do so. And that doesn’t mean trying to eliminate the stress.
