02/23/2024

Loud Budgeting is the Latest TikTok Financial Trend

Understanding the relationship between social media and financial advice

Loud budgeting is the latest social media trend in which people are encouraged to post about their financial struggles or inability to spend on certain items or experiences. For example, maybe you cannot afford to attend your friend's wedding in Bali next summer, so you post about why you can't afford to be there, instead of the alternatives of swiping your credit card or making up an excuse.

At 43, I'm old enough to remember when this was called "being financially responsible," but if a catchier term and TikTok videos help to destigmatize financial conversations while encouraging intentional spending and saving, then I'm on board.

Regardless of your feelings about social media, below are the best three pieces of this trend that you can implement in your own life, along with areas to avoid.

Please select this link to read the complete article from Inc.