I recently came across an article titled “The Viral Money Trends Helping Gen Z Save Big in 2025,” and it got me thinking about two important things:
- As adults and financial professionals, it’s our duty to educate the younger generation on financial freedom, literacy, and wealth-building.
- The financial methods and ideologies of the current generation, shaped by social media and digital trends, are both similar to and vastly different from those of the past.
Social media has transformed how young Australians manage money. According to NAB Economics, nearly a third of Australians aged 18-29 now feel confident discussing finances—far more than previous generations. Budgeting apps, investment platforms, and financial influencers on TikTok and Instagram have made financial information more accessible than ever.
But while some of these trends and hacks are helpful, others may not be. What works for one person won’t necessarily work for you. Blindly following social media money trends without fully understanding them can lead to poor financial decisions. That’s why it’s essential to do your own research or seek guidance from a financial adviser to ensure your strategies align with your long-term goals.
It’s great that you’re thinking about your financial future! Your 20s are indeed a crucial time to lay the foundation for financial stability and growth. Here are some key considerations that can impact your future financial stability.
Align Your Money Goals with Your Values
Before jumping into the latest savings hack or investment trend, take a step back and assess what’s truly important to you.
- Do you prioritize financial security and stability?
- Are you focused on travel and personal experiences?
- Is homeownership a goal?
By defining your goals early, you can shape your spending and saving habits in a way that aligns with your lifestyle and aspirations.
Create a Budget You Can Stick To
Budgeting isn’t about restricting yourself—it’s about gaining control. Of course, using budgeting apps or spreadsheets to track your income and expenses, would allow you to get a clearer picture. Knowing where your money is going helps you:
- Identify areas to cut unnecessary spending
- Prioritise savings goals
- Reduce financial stress
Start Investing Early
Investing might seem intimidating, but starting early—even with small amounts—can lead to significant growth over time. Thanks to compounding interest, your money will work for you if given enough time using a wide range on investment solutions, these can include the following when starting out:
- Exchange-traded funds (ETFs)
- Micro-investing platforms
- Superannuation contributions
Build Financial Literacy
Understanding how money works gives you confidence and control. While social media offers quick tips, ensure you get advice from credible sources such as financial advisers, government websites, and reputable finance books.
Invest in Your Career
Your 20s are the perfect time to focus on your career and future earning potential. Whether it’s upskilling, networking, or pursuing further education, investing in yourself now can yield significant returns later.
Your earning potential is one of your biggest financial assets. Take advantage of online courses, mentorships, and industry certifications to set yourself up for future success.
Protect Your Income
Life is unpredictable, and even if you’re in good health, it’s wise to protect your income. Income insurance can provide peace of mind by ensuring you’re covered if illness or injury prevents you from working.
Don’t Neglect Superannuation
While retirement might feel far away, small actions now can have a big impact later. Even an extra $50 per month into your super at a 7% return (an industry average return for balanced investor over the long term) could grow to over $130,000 by retirement age*. Start early and let time work in your favour.
Plan for Big Life Events
If you’re thinking about buying a home, it’s important to assess your financial readiness. Saving for a deposit, understanding loan options, and looking into government assistance programs can help. Remember, renting is also a valid option, and with proper planning, homeownership can become achievable in the future.
Tackle Debt Head-On
Take a closer look at any money you owe, like credit cards or student loans. High-interest debts can slow your financial progress. In you focus on paying off debts with the highest interest rates first while making minimum payments on others it can provide positive outcomes in the future.
Give Back to Causes You Care About
Financial well-being isn’t just about saving and investing—it’s also about shaping your impact on the world. Making a positive impact can be incredibly fulfilling. Whether it’s volunteering, fundraising, or donating to charities, giving back allows you to support causes close to your heart while building a sense of purpose.
The Bottom Line
Your 20s are a time of exploration, growth, and laying the foundation for a secure financial future. By aligning your money goals with your values, building healthy financial habits, and seeking professional advice, you can set yourself up for long-term success.
Remember, personal finance is just that—personal. What works for someone else might not work for you, and that’s okay. The key is to start now, stay informed, and make decisions that align with YOUR goals and lifestyle.
If you’re ready to take control of your finances, reach out to us at Pride Advice. We’re here to help you navigate your financial journey with confidence and clarity.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a qualified financial adviser for personalised recommendations.