Gen Z Is Winning With Money… Here’s How You Can Too

If you’ve ever felt like you’re behind on your finances, you’re not alone. Recent headlines show that Gen Z (those under 27) are stepping up their savings and investment game, with 68% investing consistently (TD Bank survey, MoneySense, Sep 2025). But here’s the truth: you don’t have to be Gen Z to build wealth. Whether you’re just starting or looking to get back on track, small, intentional steps can set you up for long-term success.

Why Saving Doesn’t Have to Be Complicated

Let’s get real, ladies. Between work, family, and life’s demands, it’s easy to put off financial planning. But building wealth isn’t about making huge sacrifices or having tons of free time. It’s about progress, not perfection.

Start small and stay consistent:
You don’t need to move mountains to see results. Even $20 or $50 a month can make a difference over time thanks to the power of compounding. The most important thing is to start and build the habit. Think of it like going to the gym or eating healthy… consistency is what pays off.

Financial health is like physical health:
Think of your finances as a wellness routine. Regular check-ins (like reviewing your accounts or meeting with an advisor) matter more than trying to “time the market.” There’s no perfect moment to start… just start where you are.

Quick Money Moves You Can Do Today

Ready to take action? Here are practical steps you can do right now, even with a busy schedule:

1. Review Your Registered Accounts (TFSA, RRSP, FHSA)

• TFSA (Tax-Free Savings Account):
  Grow your savings and investments tax-free. You can withdraw funds anytime, for any purpose, without paying tax on gains. 2025 contribution limit: $7,000 (lifetime max: $102,000 if you’ve never contributed and were 18+ in 2009).

• RRSP (Registered Retirement Savings Plan):
  Contributions are tax-deductible, and your investments grow tax-deferred until withdrawal. Ideal if you want to reduce taxable income now and save for retirement.

• FHSA (First Home Savings Account):
  A new account for first-time homebuyers where you can save up to $8,000 per year (lifetime max: $40,000), tax-free, to buy your first home.

Action step:

Log in to your CRA online account. Check your contribution room for each account, and make sure you’re using the right ones for your goals (retirement, home purchase, general savings and investments).

2. Set Up an Automatic Contribution

• Pick an amount you’re comfortable with ($20, $50, $100… whatever works).

• Set up an automatic monthly transfer from your chequing account to your TFSA, RRSP, or FHSA.

• Even small, regular contributions add up and help you build consistency without having to think about it.

3. Check Your Account Beneficiaries

• Make sure your accounts have up-to-date beneficiaries, especially if your life situation has changed (marriage, kids, divorce).

• This helps protect your loved ones and keeps your financial plan on track.

4. Schedule a Financial Check-In

• Book a call with a financial advisor (like me!) to review your plan, ask questions, and set new goals.

• Even one meeting a year can keep you accountable and on track.

Mindset Shift: It’s Never Too Late

Many women, especially professionals and entrepreneurs, feel like they “should have started sooner.” But the truth is, every step forward counts. Gen Z’s success isn’t about age; it’s about taking action, using the right tools, and building habits that last.

You’re not behind… you’re just getting started.

Keep Learning With Us

Financial literacy is a journey, and you don’t have to do it alone.

• Check out our blog for more tips tailored to Canadian women professionals.

• Ready for personalized guidance? Book a call with me for a friendly, judgment-free review of your financial goals.