Seems like that kid struck a nerve with you 😅

Maybe in Finland it's generational. Here it seems cultural. I rarely see people who are able to manage their money really good, most just survive. Thinking ahead and planning is not common at all, at no age, at least here. Neither is problem solving. Improvisation, yes, but really fixing the problem? Forget it. 

Those who do, are incredibly successful. It's actually much easier than it looks to create a profitable business here - if you're able to plan ahead and invest your money somewhat wisely, you're already 20 steps ahead of the competition. 

Looking at the debt problem (which is a part of spending), I don't think it's generational. Even my father is still paying off debt because he was never smart with money, and never learned. Luckily, we had my mother, so here we are. 

The situation might be getting worse, I agree - but the resistance against learning and getting your life together is not exclusive to gen Z at all.

I've gotten paid in several different schedules throughout my life and while each of them took a little getting used to, I was always able to manage through them. It is sad how willfully helpless people are these days.

We really have to get better at teaching basic money skills early on. It would save a lot of people this kind of stress. It's the money skills the schools for some reason refuse to teach that is causing such a problem 

What I believe is that today's generation have easy access to all the luxuries of life which is being consistently provide to them by there elders. This comfortable access to everything has really spoiled them because they are taking everything for granted, getting influenced by the luxurious and costly things which they see on social media, they get after it and want it at any cost. 
During the time of previous generation, there was not that good access to everything we really needed to work hard and then get some hard earned money, so we had an Idea that it's not easy to use that hard earned money so quickly and easily but rather save it for future purposes and spend as much required and moreover at that time I don't think there was any sorts of competition for showing off your luxuries, everyone lived a good and normal life.
The example of that girl is because of this case only, she's getting influenced by others luxuries and want it in her life as well and maintain a level and status but she's forgetting that all these things are just for short run, in the long run what matters is the money which you saved carefully and can help you in every situation either worst or best because you never know what's going to happen tomorrow, so you need to be ready and causious..!!

It’s easy to blame the system or others for poor money management but the truth is personal responsibility matters.

Sure, today’s generation wasn’t taught how to handle money in school and that’s a real issue but is that a reason to give up and stay stuck? Absolutely not.

>of course, we are going to get excited and are going to blow it all on food, shopping, outings, etc.

I don't understand why some people enjoy shopping so much. I could understand if people would enjoy getting more money by investing. But I don't enjoy spending money at all. I waited about a decade to buy new glasses. I bought new pants recently- because my old ones were barely usable.

Fucktards.

No salary will be enough for them and nothing will be enough for them, when it comes to competition, in this scenario it is the strongest who always wins. to these young people, even to adults, what life gives them is "not enough" and they do whatever it takes to make sure they have "enough to create crisis, separation between them", to get what they want.

 I kind of respect her honesty, admitting she doesn’t know how to manage money,  it's more self aware than a lot of people twice her age. But the blame game is a freaking pandemic at the moment 

Actually, It was harder for me to move from a weekly pay to a monthly one, and even now with all the investing/saving and bill pay automatized via direct debit and standing orders, sometimes I do go over the budget with the food and clothes money. And I just use a crypto card to get over the wage date with a little bump.

I learned about it the hard way, reading about the FIRE movement and MrMoneyMustache and JCollins blogs. We did not have a lot of info back then, maybe just some books from library. If you want to learn about finances, you will learn. I make it into little games and quests with my underage nephews.

Now it is so much easier, with a basic income, you can literally achieve financial independence by the age of 30-40 instead of retirement at 67. If you start saving and planning by the time you are 18. No excuses. But, you may also need to really work hard for it, and delay some rewards and holidays for later.

My generation received ZERO instruction on how to manage money. Zero. I did fine. Everyone I went to high school with did fine. Managing money well only requires that one spend and save no more than what one earns. Make good choices with your money. Simple. Whinge-ing is in fashion. 

Managing one's finances is so important! I am glad I have an interest in maths/stats since young and it just felt so natural to tabulate my expenses and doing budgeting when I was growing up. The compounding effect is really significant, and I am glad I started my personal journey at a young age.

>She even identified the gap that she doesn't know how to manage her money, but rather than trying to close that gap by improving herself, her answer is to change the system to make her life easier. But, it doesn't make her life easier, does it? Instead, what it would do is help her avoid having to learn what she is going to have to learn at some point anyway, if she wants to have any kind of decent financial outlook in her future. And the future is what is important, so rather than blaming the past and your unwillingness to learn then, make the decision and take the actions to learn now.

This is a very powerful point sir @tarazkp. Identifying a personal gap like poor money management is actually a great first step, but growth comes from taking responsibility and making intentional changes. Relying on systemic changes alone might delay the inevitable need for personal development. At the end of the day, learning financial literacy is an investment in one’s own future—and the sooner it's done, the better the outcome will be. Blaming the past doesn’t build the future; learning from it does.

Generation Z is really different. They haven't experienced much hardship, poverty, or impossibility. They are used to convenience and consumption. Naturally, they are not living life in the right way. Their habits will cause major problems for the world in the future.

Blaming others won't fix personal problems, be it finance, education, or budgeting, in fact, any kind of problems. The 21-year-old saying fortnightly pay should be banned is really just avoiding the fact that she needs to learn how to budget. There's a saying in my locality here that goes,' the money a child gets will be squandered on bean cake' that's just the literal meaning, though.  The figurative meaning is that no manner is the amount of money a child gets,  is going into spending. 

No matter how hard the past was or whether money skills were taught at home or school, as adults, it’s our job to learn and grow. As adults, we have no excuses for our misfortune as we must take responsibility and grow in the process. 

We are even lucky these days as information is everywhere now, on our phones, podcasts, and books, unlike before that we only get information or enlightened through the traditional way, but many people only focus on entertainment instead of learning useful life skills.

At the end of the day, managing money isn’t just about spending less. It’s about learning, taking responsibility, and making better decisions step by step, be it as an adult or Gen-Z. In fact , Gen z has a lot to learn from us as adults. It also depends on the kind of environment the young adults grew from. Family also has a way of shaping us into a all round grown adult. There are always a lot of things to learn as learning never stops. It is a continuous process. 

I think that we who receive monthly salaries might develop a better budgeting skills, as we must learn to allocate our funds reasonably over a month or a longer period.