Until a few years ago, Yolo Life, a way of spending money for happiness, was popular. Yolo refers to spending money generously on hobbies and self-development that can improve the quality of life rather than housing and retirement preparation. However, many college students and young people now prefer to invest for the future and manage their money efficiently rather than their current happiness.
With housing prices and stock prices soaring recently and imports falling due to COVID-19, money management has become the biggest interest. In particular, as the job market froze, college students who were engaged in self-development to get a job turned to money management. It refers to the efficient management of the collected money to produce the maximum profit.
However, it is practically difficult for college students who have no or no fixed income to make great investments. Therefore, they should manage their money efficiently to pave the way for future investments rather than their goal of making big money.
In line with the needs of these college students, several companies are launching products for them. Currently, various banks release bank accounts for only those in their 20s so that they can benefit from prime interest rates and fee exemptions. There is also a bank that provides a "money splitting" service that can separate one account into basic expenses, living expenses, and emergency funds according to the purpose of management. Applications that can directly buy and sell overseas stocks on a small scale through small savings are popular these days. With soaring housing prices driving the dream of buying a house away, the number of people subscribing to a housing subscription account is also increasing every year.
Furthermore, the method of investing in stocks by borrowing money is prevalent among the younger generation. As it is difficult to raise money due to the prolonged low-interest rate, the expectation of getting a lot of money from the investment is expected to be established among them.

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