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Big yikes, fam.
So why is this otherwise intelligent and resourceful generation falling behind on their credit card payments?
The reasons range from the rising cost of living to pressures to maintain a curated, Instagram-worthy lifestyle.
There are actionable steps Gen Z can take to regain control of their finances and avoid long-term consequences.
Thankfully, technology offers solutions.
From spreadsheets to apps, Gen Z has quick access to tools that simplify budgeting.
Adjusting social media consumption would also be a great way for Zoomers to get over their financial FOMO.
Unplug from content about lavish lifestyles and instead opt for creators promoting underconsumption or challenges like No-Buy 2025.
Prioritize Paying Down Debt
This one is a no-brainer.
These adjustments can free up funds to tackle credit card balances.
Getting out of credit card debt isnt easy, but its worth the effort.
After all, being debt-free?
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