FOLLOW US

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • Home
  • About
    • PRs Work With Us
  • MEDIA
  • DIRECTORS CUT
  • Contact Us
Joleisa logo
  • Frugal living
  • Eat for less
  • Start a blog
  • Recommendations

Who is more financially savvy, the younger or older generation?

This post may contain affiliate links

Who is more financially savvy, the younger or older generation?

 

We run a blog as well as a vlog right? And whilst we enjoy the day-to-day running of both sites, we are not too technologically savvy and so we often solicit the help of our daughter/niece to assist us with certain things. Whilst she is happy to help (most times at least) she can’t seem to fathom why we can’t get certain things in our head or why we forget so easily or why we didn’t know about the existence of certain applications that could make our work easier and even help us to save more money.

 

Well, said daughter is also into finances, investing, budgeting, that sort of thing, which we are really pleased about. We love when kids are financially savvy. So fast forward (backward, even) to yesterday. We were having this conversation about which generation is better at managing financial affairs – Generation Y (Millenials born between 1980 to 2000) and us born in the ’60s (Generation X).

 

She seems to think that her generation has it easier having been born with such great technological advancements at her fingertips. We agree! It’s almost like some of these kids nowadays were born with a chip in their brain which allows them to grasp the concept of using computer-related things almost from birth!

Have you noticed babies in pushchairs with a firm grasp on a mobile phone watching something of interest? I mean, some of them are not able to walk yet or even have the manual dexterity to be able to hold and use a phone properly, and yet they know how to skip ads, scroll past things they don’t want to see and will show their displeasure if the battery dies or if the mother takes a call, whilst they are using the phone!

 

So I do agree that their technologically savvy ways and the availability of apps and so on, should see them in better stead financially. They both work well together. I guess then, that our responsibility in this cause is to offer advice and suggestions especially with regards to finances, budgeting, getting a mortgage, and services like that, and then leave it up to them to be able to maneuver their way through these, using the technology at their fingertips.

 

Talking about financial services, I really abhor having to pay more and more each year for car insurance, home insurance, and the like.  So I make it a habit to check price comparison sites like Money Supermarket or Compare the Market for help with these. After a few years of doing this, I can say that I have either had a decrease in these costs year on year or have paid the same as in the previous year.

I want to invest

Well at this time of the year, I really wanted to invest a bit more (while so many others are looking to spend)  and I was relaying to my daughter that I was peeved at the fact that there were no comparison sites that could show me the options available to me so that I could weigh up the pros and cons and choose. Every application provider seem to be in it for themselves, so they only promote their own! Well, she did put me straight! She introduced me to Sortter! And I was so glad that she did.

 

Sortter is an advanced comparison site that helps with showing you what options are available to you when it comes to choosing a digital bank, money transfer services, getting into the (magical) world of cryptocurrency, choosing an investment platform, etc.

I really do wish that a site like this was available in my younger days! The site is easy to maneuver and is quite responsive. 

 

Once I got onto Sortter.com, I decided to have a look around and look at the section entitled: I want to invest. I was able to answer a few questions using the easy-to-use drop-down menus. The questions ranged from which country was my country of residence, what was more attractive to me, like ease of use, advanced trading tools, or whether I wanted an app that I could use to learn about investing (beginners option). I could also select what investment products I was interested in, for example, stocks, cryptos, and ETF’s. After making my selections of Stocks and mutual funds, I had to then select my trading currency and how I wanted to deposit money to my investment broker account (and the options were varied, such as Paypal, bank transfer, debit/credit card, etc.) Based on my selections, Sortter brought up about 7 apps that I could choose to go with. Of course, the option was there to learn more about each one so that I could make an informed choice. I like this.

I also like the fact that Sortter is not biased in the options shown. It wasn’t forced, and the final decision was mine to make.

It was great to have all the options on one screen so that I could check them all out. Clicking on each option eventually takes you to the respective app’s website so that you could proceed from there. In my case, I had the choice of Revolut, Etoro, Uphold, Avatrade, Plus 500, Xtb and Degiro.

Money transfer services

I am always using money transfer services and I hate that I actually have to physically go to withdraw cash and take it to Western Union or Moneygram. To me, it’s just not safe and it is also time-consuming. Not only that, but the person I am sending the money to, also has to physically go to accept cash. So I tried Sortter for better remittance options. Here’s an example I tried out:

 

Finding Money Transfer options using Sortter. A few simple steps

  1. On the top left of the screen (on a laptop or desktop) I selected: I want to transfer money
  2. Then select the country of residence
  3. Select Personal or Business use
  4. Select the 2 most important features from the following: fees/price, ease of use, 24/7 support, and speed of transaction (I opted for ease of use and speed of transaction as those were most important to me)
  5. I then had to select how I wanted to do the transfer: Bank transfer, debit/credit card, or Apple Pay/Google Pay. I chose bank transfer and then whether or not scheduled transfers were important to me
  6. The last step showed me 3 options that were suitable based on my selections. It also pointed out which of the options had low, medium, and high transfer fees, and also how many currencies each one supported.

I think I’d now much prefer to use a money transfer app on my phone rather than driving to a Western Union branch. This means that the recipient of the funds can receive the money straight into their bank account or digital wallet without the need for an intermediary. Yes!

 

I quite like that security when using these apps is taken seriously. Security of funds is a top feature you get to enjoy while using an app to transfer money. The best apps for money transfer will feature encrypted transactions and bug fixes designed to protect you from malicious attacks. You can also set up a fingerprint level of security on a money transfer app for iPhone or Android devices.

 

I see also that Sortter is about to help me with my intrigue re cryptocurrency. What is it about? That is the next thing I have to check out on Sortter because they are a credible source and I do trust them to provide me with relevant information so that I can make informed choices.

According to the Sortter website, “We help you to translate all the fees and banking terms into something even a grandma can understand. We are always 100% on your side: we offer fair comparisons, free of charge and tailored to your needs”.

There is so much more that I would like to find out and thankfully, I don’t need to depend on my daughter/niece to help me navigate the Sortter site because they have made it so that it is user-friendly for even a Generation Xer like me.

So, back to the question, Who is more financially savvy, the younger or older generation?

I say that the savvier is the one who uses the technologies available to them in their quest to make sound financial decisions. A website like Sortter can propel us so much towards our dreams of financial confidence and freedom, whatever the age.

It’s out there guys, we just have to be willing to discover the potential available at our fingertips and use them to our advantage.

 

Take my advice and try it out. All the relevant information you need is available in a clear and easy-to-understand format. There is also further information that is found below the options that are generated for you. Do let us know in the comment box below, what your thoughts are on this post. 

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • More
  • Click to print (Opens in new window) Print
  • Click to email a link to a friend (Opens in new window) Email

Related

Filed Under: Frugal

About Joleisa

« Festive is our Word of the Week
Winter Health Tips That Will Keep You Healthy During The Cold Months »

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CommentLuv badgeShow more posts

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Hey guys and gals!

Hi, we're Jo and Leisa, twin sisters and authors of Joleisa.com. Originally from the sandy beaches of Jamaica we now reside in England where we followed our calling to teach. But sometimes that call changes and our new passion is writing. We're here to give the ups and downs of it all with our lifestyle tips and tricks to help you avoid the sour lemons that can get in our way of frugal budgeting, intentional living and happiness. Join us and learn more about how we found the simplest ways to achieve easy living. Read More…

AS SEEN ON CHANNEL 5’S

We are Sociable

  • Facebook
  • Instagram
  • Pinterest
  • Twitter

Recent Posts

  • Our Word of the Week is Break
  • Easter is our Word of the Week
  • Our Word of the Week is Grateful
  • Adjust is my Word of the Week
  • Hyperkalemia is my Word of the Week

MOST POPULAR POSTS

Why we left teaching

  • Be your own boss
  • Set up a blog
  • Making money from your blog
  • Using Pinterest to help your blog
  • Fixing sleep problems
  • Frugal family fun at half term
  • Having to plan a funeral!
  • Let’s show you how we save money on food
  • Our time on Channel 5’s Shop Smart, Save Money
HIBS100 Index of Home and Interior Blogs HIBS100

Copyright © 2025 · Tasteful theme by Restored 316

Copyright © 2025 ·Tasteful Theme · Genesis Framework by StudioPress · WordPress · Log in

YOUR PRIVACY

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Reject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
 

Loading Comments...