How YOLO Can Be Bad for Your Personal Finance

[Kane]

YOLO or You Live Only Once is a popular jargon among Gen Z. When you believe that you only live once, you are geared towards enjoying your present life and not caring about your future. This mentality leads to reckless spending. While enjoying life is important, it should not come at the expense of accumulating debt or compromising future financial security. You need to ditch YOLO mentality so that you can prioritize financial independence before indulging in extravagant experiences.