Fears of a recessions, budget worries are increasing…especially among younger works…cannabis can be part of a solution Millennials are feeling the financial squeeze more than ever in 2025. Between sky-high rent, student debt, and inflation, it’s no wonder that 62% of millennials report feeling financially anxious on a daily basis. The pressure is real—and it’s pushing many to rethink their spending habits. The good news? With a few mindful changes, millennials can make smarter money moves without sacrificing their social lives or wellness. Cannabis can be part of smart fiscal choices for millennials, here are five practical steps to get started.

Monthly streaming, food delivery, fitness apps—these recurring charges add up fast. Use tools like Rocket Money or Mint to track where your money is going and cut anything  you’re not using weekly. Even saving $50 a month adds up to $600 a year.  Rediscover your culinary talents for fun dishes with a few ingredients and favorite flavors.

On average, a night out drinking in cities like Los Angeles, Seattle, or New York can cost millennials $75–$150. Compare that to cannabis: a $20 edible or pre-roll can last multiple uses and often offers a calmer, more relaxing experience—without the hangover. Cannabis also lowers those “hidden” costs—no late-night rideshare charges, no greasy next-day delivery, and fewer impulse purchases from impaired decision-making. AndlLegal states like California, Colorado, New York, Oregon, and Massachusetts have dispensaries offering affordable and varied options. Consider the 50/30/20 rule. This simple framework divides your take-home income into: 50% for needs (housing, groceries, bills) 30% for wants (entertainment, travel, cannabis) 20% for savings or debt payoff Adjust it based on your location—millennials in high-cost states like New York, Washington, and Illinois report higher financial stress, according to Deloitte’s Millennial Survey. Tie your savings goals to your real-life values: travel, mental wellness, early retirement, or home ownership. It’s easier to stay motivated when your goals mean something to you personally—not just “saving for the future.” Not every good time needs a reservation. Replace bottomless brunch with a picnic in the park. Choose a nature walk or city hike over another $20 cocktail. Many cities offer free museum days, outdoor concerts, and farmers markets that make for great social plans. Bringing along a cannabis-infused sparkling water or pre-roll (where legal) can elevate these chill moments—no pressure, just presence.

The Fresh Toast is a daily lifestyle platform with a side of cannabis. For more information, visit www.thefreshtoast.com.

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