EP292 Navigating Financial Firsts and Spending Shifts with Interac

Will Keliehor, Chief Commercial Officer at Interac, joins the show to discuss the findings of a recent survey that examines how Generation Z approaches their finances and navigates financial firsts amidst current economic conditions. Gen Z is more likely to feel stressed, anxious, and overwhelmed compared to other generations, with 52% believing they will have to work harder for money. However, the survey also reveals that nearly seven in ten Gen Z individuals want to improve their relationship with money. In this episode, Will shares insights on how Interac and Conscious Economics are addressing the emotional barriers faced by Gen Z through financial therapy education, emphasizing the importance of both financial and emotional support. 

Listen in as we discuss practical advice, such as tracking spending, setting priorities, and utilizing available tools, to help Gen Z feel more in control of their finances and create a supportive community. By providing a clear focus on Gen Z's financial challenges, emotions, and aspirations, this episode offers valuable insights for both Gen Z individuals and those seeking to understand and support this generation's unique financial journey.

“Use debit. Track your spending. Set your financial priorities. Set your budget and take money out for your savings to fund whatever you’re trying to fund in the future." - Will Keliehor

This Week on Young Money:

Why Gen Z are navigating firsts in finances that older generations never had. How Gen Z is approaching their finances. Why Gen Z is more likely to feel stressed and overwhelmed. What sets this generation apart when it comes to financial matters. How we can help Gen Z feel more in control of their finances. The importance of having the right support around you. What to focus on when managing your money.

Key takeaways:

Find emotional support. Take charge of your financial well-being. Create a supportive community. Utilize the tools available. Track your spending.

Connect with William Keliehor:

LinkedIn

Resources Mentioned:

Mindfulness & Money EP249 Control Money Movements with Interac EP184 Credit Canada Debt Solutions with Keith Emery EP224 Get the Hell Out of Debt with Erin Skye Kelly EP269 Tips for Tackling Debt Part 1 EP270 Tips for Tackling Debt Part 2 EP290 Affordability and Debt Management with BDO

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