New Delhi, Aug. 26 -- Gen Z is wired differently! While we might have heard, seen or read this statement multiple times on social media, it seems to be true in all respects when it comes to budgeting and handling expenses. From impromptu scuba diving in Indonesia to jetting off to Abu Dhabi for last-minute concerts or opting for pottery workshops or weekend treks, the new generation is redefining discretionary spending with a novel category called "fun funds". This money isn't just meant for shopping, saving or any planned purchase, but simply for experiences.

Essentially, the 'fun funds' can be used for everything from concert tickets and comedy shows to scuba diving, pottery workshops, cultural events and spontaneous weekend getaways....