Spending on fun isn’t impossible — it’s just hard, experts say

When the cost of nearly everything is on the rise it can be difficult for young Canadians to imagine putting money aside for wants, rather than solely for needs.

However, spending on the ‘fun’ things in life isn’t an impossible reach for Millennials and Gen Z, say experts — it might just require sacrifice and a new outlook.

“What we’re used to in the past is completely different from what we’re seeing today,” said Barry Choi, a personal finance, travel and millennial and generation Z money expert at moneywehave.com.

“Being able to travel and eat out while affording life comfortably is becoming harder and harder, and combined with the FOMO a lot of people might get from what people are posting online, it’s understandable that so many young people feel they’re falling behind in savings and fun.”