Should you trust financial advice given on TikTok ?

THE RISE OF MONEY INFLUENCERS ON FINTOK

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They call it FinTok ( Financial TikTok ). It refers to the world of online personal finance guidance offered by influencers and others happy to give it a go on TikTok , offering help and financial advice too , particularly when it comes to the younger generation .

Some of it includes easy tips like saving on your water bill by showering at the gym . Others offer advice on how to find extra streams of income . But how can you tell the difference between bad and good advice ?

Cost of living crisis gives rise to ‘ experts ’

It initially became famous because it made people ’ s dance routines go viral . Then came the cat videos , followed by the wannabe chefs .

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