Canceled concerts, non-stop Zoom meetings, face masks everywhere you look — nothing has been the same since those first few weeks of March.
We asked five college students how COVID-19 has changed their views on finance. Here’s what they had to say:
Chapel, 22: It’s helped me realize how many of my expenses are unnecessary. I’ve spent less during COVID, just because I have less reasons and opportunities to go out. I’ll probably try to keep those lower spending levels even after all this is over.
Brian, 21: I completely rearranged my plans for after graduation. Originally I was looking to enter the workforce and try to start earning money right away, start saving off the bat. Now with everything in flux, I realize it doesn’t make sense to try and plan for an unknown future. I’m looking at other options, because no one seems to be making money right now.
Mac, 19: I don’t spend as much, because I don’t go anywhere these days. I’m not sure how this experience will impact me down the line. Right now, I feel like I don’t have enough money to think about the future.
Lauren, 21: Honestly, the pandemic encouraged me to save more, because of how unpredictable things can be. I had started investing, but now I think I’ll be putting less money into stocks and more into building my savings.
Carly, 22: For one, it made me rethink how much money I was spending going out. Crazy how much money you save when you stay in every night! Also, I thought I was going to be graduating into one of the best economies in history. I ended up graduating into one of the worst. I learned how things can change in an instant — and how to be grateful for what I do have.
We aren’t a research firm or some market intelligence company. We’re a group of Gen Zers who want to help bring other young adults into the credit union movement. In the past year, we surveyed over 500 college students. 76% of them didn’t even know what a credit union was – and we want to help.
Together, we built Zogo: a financial literacy app that helps credit unions engage and attract Gen Z. It’s financial education, gamified: mobile, broken into bite-sized chunks, with incentives embedded. Since launching last November, Zogo has garnered more than 70,000 Gen Z and Millennial users who have spent collectively over eight years worth of time completing 1,000,000+ lessons on the app. Our app has won multiple awards, including the 2019 NACUSO next big idea competition and the best of show at Finovate 2019. As Gen Zers ourselves, we know how to engage this demographic. Visit zogofinance.com to schedule a demo with one of our committed onboarding specialists.