How to Apply the Soft Saving Method Correctly?

[Suba]

The soft saving method is generally used by Gen Z or those born between 1997 and 2012.

Soft saving is a relaxed saving method that prioritizes comfort and balance between lifestyle and financial goals. So the soft saving method has a smaller portion (percentage) compared to the more stringent conventional method and usually eliminates all hangout costs or other social costs. Soft saving focuses more on small savings of around 5-10% of income consistently and they can still meet social needs and lifestyle. So in your opinion. how does Gen Z apply soft saving?

 

[Starmix]

It all depends on them, if they have interest then they can have in their minds. However, only the elite young generation can do this especially this time when money is becoming weaker because of the raging prices and income or salaries stagnant.

 

[Springtime]

I do agree that while we need to save money, we also need to maintain a balance of having social activities and entertainment. The percentage of saving depends on individual preference.

 

[Augusta]

Soft saving · Identify spending and saving priorities · Set SMART financial goals · Automate savings to enjoy a balanced lifestyle