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 91裸聊视频榝un91裸聊视频� things in life isn91裸聊视频檛 an impossible reach for Millennials and Gen Z, say experts 91裸聊视频� it might just require sacrifice and a new outlook.

91裸聊视频淲hat we91裸聊视频檙e used to in the past is completely different from what we91裸聊视频檙e seeing today,91裸聊视频� said Barry Choi, a personal finance, travel and millennial and generation Z money expert at moneywehave.com.

91裸聊视频淏eing 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, it91裸聊视频檚 understandable that so many young people feel they91裸聊视频檙e falling behind in savings and fun.91裸聊视频�

Succumbing to this kind of pressure 91裸聊视频� oftentimes from multiple sources, including family members and socially ingrained ideas of 91裸聊视频榮uccess91裸聊视频� 91裸聊视频� is something 34-year-old Montreal resident Jesse Kennedy said he has had to work through over the past several years.

While in his 20s, Kennedy worked various jobs in Prince Edward Island91裸聊视频檚 restaurant industry. Throughout those eight years, his paycheques and tips found their way out of his grasp almost as soon as they fell into it.

91裸聊视频淏ecause it was a cash-based gig, I would walk into a clothing shop and drop 350 bucks on a couple of pairs of pants and some shirts, and wouldn91裸聊视频檛 even think twice about it,91裸聊视频� said Kennedy. 91裸聊视频淚 figured I could just make it all again the next weekend.91裸聊视频�

However, as time went on, Kennedy realized he would need to make some serious changes if he wanted financial stability. He went back to university, worked multiple jobs at a time to pay off outstanding debts, and managed to buy a condo in Charlottetown 91裸聊视频� all while finding a way to still save and spend on fun.

91裸聊视频淭hankfully, I was in a province that had a lower cost of living and gave me the opportunity to do all these things,91裸聊视频� he said, 91裸聊视频渂ut for me, it was really a matter of realizing what was important to me in that time, managing my expectations, and making my money decisions based on that.91裸聊视频�

Choi echoed this sentiment, stressing that the most important aspect of spending on fun is realizing what is realistic given one91裸聊视频檚 circumstances and managing one91裸聊视频檚 expectations accordingly. Spending on things like travel, entertainment and eating out is certainly possible, but exactly how much one spends on those things is almost entirely up to the individual.

91裸聊视频淚f you live in a big city, like Toronto or Vancouver, you91裸聊视频檙e going to need to put more money towards living expenses,91裸聊视频� he said. 91裸聊视频淎nd if you want to buy a house earlier on, then you91裸聊视频檙e also going to need to prioritize accordingly 91裸聊视频� because the simple reality is that every time you spend on something fun, it takes away from putting it towards something you need.91裸聊视频�

According to Choi, that means understanding that one may not be able to go on a vacation once a year like their parents did, or eat out twice a week like their wealthier friends might be able to 91裸聊视频� but that doesn91裸聊视频檛 mean the average young Canadian has to miss out entirely.

91裸聊视频淓ven if you91裸聊视频檙e only saving a small amount for the fun stuff, something like $50 a month can get you a really nice vacation after two or three years,91裸聊视频� he added.

In fact, he emphasized the importance of attaining the kinds of experiences that are only possible while one is young 91裸聊视频� like travelling extensively without the stress of a full-time job, or going out on weekends without having to worry about child care.

91裸聊视频淔inding ways to get the experiences you want 91裸聊视频� is a great way to go about making sure you don91裸聊视频檛 miss out on life just for a bigger RRSP,91裸聊视频� said Choi.

Seeking out paid positions abroad or being smart with discounts on entertainment and restaurants are two things Choi recommended. However, he added that finding a way to make one91裸聊视频檚 hobbies cheaper is probably the best way to go.

91裸聊视频淚f you like eating out, that91裸聊视频檚 great, but maybe a more budget-friendly thing for a foodie would be learning how to cook,91裸聊视频� he said. 91裸聊视频淏ut of course, it always comes back to what91裸聊视频檚 most important to you and what you will and won91裸聊视频檛 cheap out on.91裸聊视频�

This is something Kennedy has taken to heart, especially in the current early years of his finance career. While he has definitely made sure to cut down on frivolous spending and chosen hobbies that cost little, he said he has still managed to find ways to splurge on what91裸聊视频檚 important to him 91裸聊视频� including a trip to Bali, where he was able to meet his partner91裸聊视频檚 extended family.

91裸聊视频淭he trip was pretty expensive, but I wouldn91裸聊视频檛 change it, because we both had this amazing experience that we could probably only do in this time frame of our lives, and was equally affirming because it was the first time I let myself do something like that from a financial standpoint,91裸聊视频� he said.

91裸聊视频淪o I think it really comes down to what you91裸聊视频檙e going to get from what you91裸聊视频檙e spending 91裸聊视频� tangibly, but also emotionally.91裸聊视频�

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