FinTok: These TikTok hacks could help you manage your money better [Video]

LOS ANGELES (KABC) — More people, especially GenZers, are turning to social media for financial advice.

TikTok’s FinTok has billions of views, with viral challenges on money management. But not all those trending money moves will actually build up your bank account.

Many of the top trending challenges, like cash stuffing, can help you save by showing you where you spend.

“The idea is that every time you get a paycheck, you’re dividing your money between these different cash envelopes, so that you know what you’re spending and when you’re spending,” said Ben McLaughlin, a personal finance expert and president at Raisin U.S.

If you’re on a tight budget, you might try the #NoSpendChallenge. For one month, you cut out non-priority spending, only paying for the essentials.

“This really helps ground people to understand what’s an essential necessary spend and what can they get away with not spending on, and after a month hopefully …