{"id":9925,"date":"2024-01-25T03:46:34","date_gmt":"2024-01-24T20:46:34","guid":{"rendered":"https:\/\/loudhdtv.com\/?p=9925"},"modified":"2024-01-25T03:46:34","modified_gmt":"2024-01-24T20:46:34","slug":"loud-budgeting-is-tiktoks-viral-money-saving-trend","status":"publish","type":"post","link":"https:\/\/loudhdtv.com\/?p=9925","title":{"rendered":"Loud Budgeting Is TikTok&#8217;s Viral Money Saving Trend"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script><br \/>\n<\/p>\n<div>\n<p> <span class=\"drop-cap__first text-dropcap \">F<\/span>inally, a TikTok trend is here that financial experts and therapists can get behind: Loud budgeting. Amid a sea of content encouraging us to buy more stuff we definitely don\u2019t need (see: the latest \u201cit\u201d water bottle to replace the reusable one you already have), the buzzy concept is, against all odds, actually making saving money <em>cool.\u00a0<\/em><\/p>\n<p>It all started late in 2023 when TikTok creator Lukas Battle <a href=\"https:\/\/www.tiktok.com\/@lukasbattle\/video\/7317757538676641066?=___psv__p_49331371__t_w__r_www.google.com%2F_&amp;ref=popsugar.com\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.tiktok.com\/@lukasbattle\/video\/7317757538676641066?=___psv__p_49331371__t_w__r_www.google.com%2F_&amp;ref=popsugar.com\">declared<\/a> \u201cquiet luxury\u201d out for 2024 and \u201cloud budgeting\u201d in. In a <a href=\"https:\/\/www.tiktok.com\/@lukasbattle\/video\/7318206234392349995\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.tiktok.com\/@lukasbattle\/video\/7318206234392349995\">follow-up video<\/a> explaining the now-viral trend, he defined loud budgeting as \u201cthe opposite of quiet luxury\u201d\u2014and claimed that it\u2019s actually \u201cmore chic, more stylish, more of a flex\u201d since \u201crich people hate spending money.\u201d In other words, rather than consuming more to follow the \u201cstealth wealth\u201d trend (or the TikTok home decor trend \u201c<a href=\"https:\/\/www.nytimes.com\/2024\/01\/15\/style\/do-you-have-bookshelf-wealth.html\" target=\"_blank\" rel=\"noopener\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.nytimes.com\/2024\/01\/15\/style\/do-you-have-bookshelf-wealth.html\">bookshelf wealth<\/a>\u201d), loud budgeting is about openly using your budget as a reason to spend less\u2014so you can build, you know, <em>actual <\/em>wealth.<\/p>\n<p>A major bonus? Financial therapists say loud budgeting could have a huge impact on our <a href=\"https:\/\/www.wellandgood.com\/how-to-improve-relationship-money\/\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.wellandgood.com\/how-to-improve-relationship-money\/\">relationship with money<\/a> and help ease financial anxiety. Below, financial planners and therapists share how loud budgeting can support your bottom line<em> and<\/em> your mental health, and how to actually put the concept into practice.<\/p>\n<h2>What is \u201cloud budgeting,\u201d and why are people doing it?<\/h2>\n<p>Simply put, loud budgeting is being vocal about your boundaries around spending, with the goal of better maintaining your budget and overall financial standing. \u201cSo it\u2019s like, if your friend texts you, \u2018I want to hang out,\u2019 you say, \u2018I don&#8217;t want to spend gas money on coming to you to hear you talk about your ex for three hours,\u2019\u201d says Battle, in the explainer video above. Sure, his example might be a bit harsh for comedic relief\u2014you don\u2019t need to go that hard!\u2014but financial experts say the concept behind it is a sound money-saving method.<\/p>\n<div class=\"related-content \" style=\"\" data-module-init=\"related-content\" data-module-immediate=\"\" v-cloak=\"\">\n<div class=\"related-content__wrapper \" v-cloak=\"\" :class=\"{'is-loaded':isLoaded}\">\n<p> <span class=\"inline text-h5 text-seafoam-dark\">Related Stories<\/span> <\/p>\n<p> <related-content class=\"related-content__links\" parent-article-permalink=\"https:\/\/www.wellandgood.com\/loud-budgeting-money-saving-trend\/\" current-title=\"Loud Budgeting Is the Viral TikTok Trend That *Actually* Saves You Money\" current-image=\"https:\/\/www.wellandgood.com\/wp-content\/uploads\/2024\/01\/Su-Arslanoglu-1-425x285_418x278_true_70.webp\" v-on:parsely-posts-loaded=\"onPostsLoaded\" start-date=\"2023-07-24\" tag=\"div\" inline-template=\"\" url=\"https:\/\/www.wellandgood.com\/loud-budgeting-money-saving-trend\/\" secret=\"w5ztterVB03LGZJLfXS0hf3EvQBuFFIWew9hmVQxthU\" apikey=\"wellandgood.com\" limit=\"3\"> <\/p>\n<div>\n<div class=\"related-content__card mb-[10px] sm:mb-[20px]\" :class=\"{'related-content__card--full':posts.length === 1}\" v-for=\"(post, key) in posts\"> <a v-on:click.prevent=\"trackLinkGA($event, key)\" :href=\"https:\/\/www.wellandgood.com\/loud-budgeting-money-saving-trend\/post.url\" data-url-source=\"related-content\" class=\"related-content__link\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"\"> <\/p>\n<div class=\"related-content__card--image bg-tan\" :style=\"{ backgroundImage: 'url(' + post.image_url + ')' }\"> <img :src=\"https:\/\/www.wellandgood.com\/loud-budgeting-money-saving-trend\/post.image_url\" :alt=\"post.title\"\/> <\/div>\n<p> <\/a>  <\/div>\n<\/p><\/div>\n<p> <\/related-content> <\/div>\n<\/p><\/div>\n<p>Why? In order to be loud about a budget, you need to, well, <a href=\"https:\/\/www.wellandgood.com\/50-30-20-budget\/\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.wellandgood.com\/50-30-20-budget\/\">have a budget<\/a> (which is always a good thing for your financial health). And that means doing an inventory of your spending to figure out where you do and don\u2019t want to be dropping coin, given your total take-home income. This kind of intentional spending allows you to do the things that are most aligned with your goals and (short- and long-term) priorities, says <a href=\"https:\/\/facet.com\/about\/planners\/jordan-gilberti\/\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/facet.com\/about\/planners\/jordan-gilberti\/\">Jordan Gilberti, CFP<\/a>, a certified financial planner at financial wellness platform <a href=\"https:\/\/facet.com\/\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/facet.com\/\">Facet<\/a>.<\/p>\n<p>From there, being loud about where your spending limitations fall (maybe you feel good about spending on the nice dinner but not the weekend trip) can help you further fine-tune exactly what it is that fits in your budget\u2014and keep you accountable. And hey, vocalizing your current money scenario doesn\u2019t just encourage others to let you off the hook for skipping plans; it might even remove the pressure others feel to keep up with spending or solicit some helpful money advice from those who\u2019ve been in your shoes.<\/p>\n<p>Loud budgeting can help normalize the fact that we all have different wants and needs and incomes and expenses\u2014and push back against this taboo that money is something you\u2019re not supposed to talk about, says financial therapist <a href=\"https:\/\/www.mindmoneybalance.com\/about\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.mindmoneybalance.com\/about\">Lindsay Bryan-Podvin, LMSW, CFT-I,<\/a> author of the <a href=\"https:\/\/clicks.trx-hub.com\/xid\/leafgroup_ca5e0_wellgood?q=https%3A%2F%2Fwww.amazon.com%2FFinancial-Anxiety-Solution-Step-Step%2Fdp%2F1646040074%3Ftag%3Dwgtrx12141-20%26asc_refurl%3Dhttps%253A%252F%252Fwww.wellandgood.com%252Floud-budgeting-money-saving-trend%252F%26asc_source%3Ddirect%26asc_campaign%3Dno-campaign&amp;p=https%3A%2F%2Fwww.wellandgood.com%2Floud-budgeting-money-saving-trend%2F&amp;event_type=click\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.amazon.com\/Financial-Anxiety-Solution-Step-Step\/dp\/1646040074\" data-type=\"affiliateLink\" data-aff-intermediate=\"https:\/\/www.amazon.com\/Financial-Anxiety-Solution-Step-Step\/dp\/1646040074?tag=wgtrx12141-20&amp;asc_refurl=https%3A%2F%2Fwww.wellandgood.com%2Floud-budgeting-money-saving-trend%2F&amp;asc_source=direct&amp;asc_campaign=no-campaign\"><em>Financial Anxiety Solution<\/em><\/a><em>. <\/em>And when money becomes a fair topic of conversation, so much of the stress we hold around it can dissipate.<\/p>\n<h2>How can loud budgeting help your mental health?<\/h2>\n<p>One of the primary sources of <a href=\"https:\/\/www.wellandgood.com\/how-to-deal-with-financial-stress\/\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.wellandgood.com\/how-to-deal-with-financial-stress\/\">financial stress<\/a> is feeling like you don\u2019t have control over your money or can\u2019t stick to your budget. And peer pressure can play a key role in that: In a <a href=\"https:\/\/www.creditkarma.com\/about\/commentary\/gen-z-and-millennials-are-losing-friends-over-money-study-finds\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.creditkarma.com\/about\/commentary\/gen-z-and-millennials-are-losing-friends-over-money-study-finds\">2023 survey of more than 1,000 adults<\/a> conducted by Credit Karma, 36 percent of Gen Z and millennials said they were driven to overspend by a friend, causing a whopping 47 percent of Gen Z and 36 percent of millennials to consider ending these friendships altogether to avoid spending beyond their means.<\/p>\n<blockquote>\n<p>\u201c[With loud budgeting], you can focus on what\u2019s best for you, rather than spending to keep up with others.\u201d \u2014Courtney Alev, consumer financial advocate at Credit Karma<\/p>\n<\/blockquote>\n<p>Loud budgeting, however, empowers you to \u201cfocus on what\u2019s best for you, rather than spending to keep up with others,\u201d says Courtney Alev, consumer financial advocate at <a href=\"https:\/\/www.creditkarma.com\/lp\/free-credit-scores-v12a?gclsrc=aw.ds&amp;gad_source=1&amp;adcopy=15921637872_131037114183_612726342127&amp;adgroup=Brand-Core&amp;adcampaign=core_acq_ggl-search_all-web_none_creditscore_brand_exact_alldevices\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.creditkarma.com\/lp\/free-credit-scores-v12a?gclsrc=aw.ds&amp;gad_source=1&amp;adcopy=15921637872_131037114183_612726342127&amp;adgroup=Brand-Core&amp;adcampaign=core_acq_ggl-search_all-web_none_creditscore_brand_exact_alldevices\">Credit Karma<\/a>. This way, you can better stay in control of your own financial decisions (and avoid mindless doom-spending on social media), while also keeping your friends, says Alev, which is always a good thing for your mental health, too.<\/p>\n<p>By a different token, loud budgeting can also help remove some of the financial stress that comes with feeling \u201clike money is something we have to do alone,\u201d says Bryan-Podvin. After all, talking openly about money and receiving social support can help to remove the unnecessary stigma, shame, and secrecy.<\/p>\n<p>That\u2019s especially beneficial for those dealing with <a href=\"https:\/\/www.wellandgood.com\/actionable-tips-to-improve-finances\/\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.wellandgood.com\/actionable-tips-to-improve-finances\/\">financial anxiety<\/a>, which can make it hard to sleep, cause you to avoid social situations, and lead to many of the same physical symptoms that come with traditional anxiety, says Bryan-Podvin, like a racing heart, sweating, and aches and pains.<\/p>\n<p>\u201cOur anxiety loves to <a href=\"https:\/\/www.wellandgood.com\/how-stop-catastrophic-thinking\/\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.wellandgood.com\/how-stop-catastrophic-thinking\/\">catastrophize and jump to conclusions<\/a>,\u201d says Bryan-Podvin. \u201cFor example, \u2018If I tell my friends I can\u2019t afford to go to an Airbnb with them for the weekend, they\u2019re going to cut me off,\u2019 or \u2018They\u2019re going to say I\u2019m dumb and broke.\u2019\u201d But just being upfront with your budget is likely to solicit a more neutral response (\u201cBummer, wish you could make it!\u201d), which makes it easier for the brain to \u201ccreate new neural pathways that are more rooted in realism,\u201d she says. Over time, that can help make conversations about money and sticking to your budget far less anxiety-provoking.<\/p>\n<h2>What&#8217;s the best way to practice loud budgeting?<\/h2>\n<p>Real talk: Telling your friends you\u2019re going to have to pass on that concert they\u2019ve been talking about for months,\u00a0or maybe even breaking the news to your parents that you can\u2019t fly home for the holidays this year is a lot easier said than done. Here\u2019s how to practice loud budgeting in a way that can help ease your stress around money, and even bring you closer to your family and friends in the process.<\/p>\n<h3>1. Be specific\u2014and vulnerable\u2014in your explanation<\/h3>\n<p>\u201cSorry I can\u2019t go out to dinner, I\u2019ve got $7 a day to live on,\u201d Battle says in his first video about loud budgeting. You don\u2019t necessarily have to be so explicit about your numbers, but the financial experts say the key is to share a bit about the financial goal(s) motivating any decision to skip a particular expense, beyond \u201cI can\u2019t afford it.\u201d<\/p>\n<p>Maybe it\u2019s a simple, \u201cI\u2019d love to go out to dinner, but I\u2019m saving for my trip to Spain later this year,\u201d Gilberti suggests. Or, if you feel close enough, maybe you say something like, \u201cFor the next three months, I\u2019m really buckling down on social and entertainment expenses because I\u2019m trying to pay off my credit card,\u201d Bryan-Podvin recommends.<\/p>\n<p>It might feel scary the first time you do it, but being vulnerable and transparent can often help the other person feel closer to you, Bryan-Podvin says. And hey, it might even motivate them to start loud budgeting, too.<\/p>\n<h3>2. Offer up an alternative way to spend time together<\/h3>\n<p>If you\u2019re turning down a dinner out, be sure to suggest a free (e.g., going on a walk) or cheaper alternative (e.g., cooking a meal at home together) that does meet your budget so you still spend quality time with the people you care about, says <a href=\"https:\/\/www.linkedin.com\/in\/kendall-clayborne\/overlay\/about-this-profile\/\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.linkedin.com\/in\/kendall-clayborne\/overlay\/about-this-profile\/\">Kendall Meade, CFP, CFT-I<\/a>, certified financial planner and therapist at <a href=\"https:\/\/www.sofi.com\/\" target=\"_blank\" rel=\"noopener nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" data-vars-event=\"body text\" data-vars-click-url=\"https:\/\/www.sofi.com\/\">SoFi<\/a>.<\/p>\n<h3>3. Stick to your truth (no matter how many times you have to say it)<\/h3>\n<p>Practice makes perfect. \u201cYou may find yourself having these conversations a few times over with certain friends and family members before they fully understand your financial boundaries, but make sure those around you who cause you to overspend recognize your limits,\u201d says Alev.<\/p>\n<p>If that friend who tends to peer-pressure you (\u201cYou know, \u2018We\u2019re only young once!\u2019\u201d) isn\u2019t accepting your answer, firmly push back\u2014and bring some receipts. That could sound something like, \u201cEvery time we go out, I spend at least $100, and that\u2019s money I need to put toward my student loan debt right now,\u201d Bryan-Podvin says.<\/p>\n<p>And if you\u2019re having trouble holding onto your conviction, try focusing on what you get to do with the money you\u2019re saving (an abundance mindset), rather than focusing on what you don\u2019t want to do or can\u2019t do (a scarcity mindset), says Gilberti. That might mean thinking about the big trip you\u2019re planning to take in a year\u2026 or even the dream house that you\u2019re planning to buy in 10 years, rather than harping over the details of the menu at the restaurant where you\u2019ve just declined a dinner invite.<\/p>\n<div class=\"disclaimers__after_content mb-[18px] mt-[16px] pt-[16px]\">\n<div class=\"relative mt-[8px] pt-[10px] pl-[0px]\">\n<p>\n            Our editors independently select these products. Making a purchase through our links may earn Well+Good a commission.          <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-type=\"_mgwidget\" data-widget-id=\"1675549\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n\n","protected":false},"excerpt":{"rendered":"<p>Finally, a TikTok trend is here that financial experts and therapists can get behind: Loud budgeting. Amid a sea of content encouraging us to buy more stuff we definitely don\u2019t need (see: the latest \u201cit\u201d water bottle to replace the reusable one you already have), the buzzy concept is, against all odds, actually making saving &hellip;<\/p>\n","protected":false},"author":3,"featured_media":9926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/loudhdtv.com\/index.php?rest_route=\/wp\/v2\/posts\/9925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/loudhdtv.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/loudhdtv.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/loudhdtv.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/loudhdtv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9925"}],"version-history":[{"count":0,"href":"https:\/\/loudhdtv.com\/index.php?rest_route=\/wp\/v2\/posts\/9925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/loudhdtv.com\/index.php?rest_route=\/wp\/v2\/media\/9926"}],"wp:attachment":[{"href":"https:\/\/loudhdtv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/loudhdtv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/loudhdtv.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}