Chartered Accountant and finance creator Srishti Gosavi — who has become a popular voice among young money learners — recently shared actionable financial tips aimed at helping Gen Z manage money better, avoid common pitfalls, and build financial habits that support long‑term goals.
👩💼 Who Is Srishti Gosavi?
Srishti Gosavi is a finance influencer and Chartered Accountant who creates educational content focused on making complex financial topics easy and relatable — especially for younger audiences like Gen Z. Her advice ranges from identifying risky money habits to simple steps that improve everyday financial wellbeing.
🪙 1. Recognise and Cut Negative Money Habits
One of Gosavi’s core points is that awareness of bad financial habits is the first step to fixing them. This includes behaviors common among Gen Z such as impulse buying, heavy reliance on credit, or spending without tracking. Identifying “money red flags” helps young earners stop harmful patterns and steer toward healthier habits.
💡 2. Build a Simple Budget
Gosavi stresses the importance of a disciplined budget — even a simple one — as the backbone of financial stability. For Gen Z facing irregular income or rising expenses, allocating money clearly toward essentials (needs), wants, and savings creates visibility and control. Structured budgeting helps avoid overspending and reliance on credit like buy‑now‑pay‑later services, which many Gen Z users engage with frequently.
💼 3. Save Before You Spend
A key tip from her guidance is to treat savings like a fixed expense — put money aside before deciding how much you can spend. This “pay yourself first” strategy ensures that saving becomes habitual instead of an afterthought, helping build financial cushions and long‑term security.
📈 4. Start Investing Early Through Simple, Practical Tools
Gosavi encourages young people to start investing early and not wait until “income increases”. Investing through easy, young‑friendly avenues — like mutual funds via SIPs, diversified portfolios, or even equity funds — helps harness the power of compounding over time. This aligns with broader Gen Z financial habits that value automation and long‑term growth over risky quick wins.
🛑 5. Be Cautious With Credit and Borrowing
She also warns Gen Z against over‑reliance on credit cards, BNPL schemes, and easy loans. These tools are popular with younger spenders, but without discipline, they can escalate into debt that erodes financial stability. Responsible borrowing and timely repayment safeguard credit scores and keep interest costs low.
📚 6. Educate Yourself and Verify Advice
Gosavi highlights that while social media finance content can be helpful, young people should verify advice instead of blindly following viral tips. This is important because not all content creators are certified experts, and some guidance may oversimplify or misrepresent risk. Gen Z should seek credible sources, check facts, and make informed decisions rather than chasing short‑term returns.
🎯 7. Set Realistic Financial Goals
She also stresses goal‑setting as a practical way to manage money. Whether it’s an emergency fund, a first big purchase, or long‑term wealth creation, clear goals provide direction for saving and investing choices. Breaking big goals into smaller milestones makes them easier to achieve.
💡 Why Gen Z Needs This Guidance
Today’s young adults often face peer pressure to spend, easy access to credit, and financial trends online that may not suit their personal situations. Research shows many Gen Z consumers regularly use buy‑now‑pay‑later services and sometimes lack clarity on how much they owe. Practical financial education — like what Gosavi shares — helps counter impulsive financial behavior and promotes mindful financial choices.
📌 Summary: Practical Money Tips for Gen Z from Srishti Gosavi
Tip
Why It Helps
Spot bad money habits
Stops harmful patterns early
Budget consistently
Controls spending vs savings
Save first, spend later
Builds financial buffers
Invest early and simply
Uses compounding for growth
Avoid unnecessary credit
Prevents excessive debt
Validate advice
Avoids costly mistakes
Set clear goals
Improves financial focus
By combining awareness, discipline, and early investing, Srishti Gosavi’s advice gives young adults a practical roadmap to navigate financial challenges and build a stable money future — beyond short‑lived trends.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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