Money management is a key life skill that young people, but also people of all ages, constantly struggle with. In today’s world where consumerism and social pressures are common, maintaining financial balance can be difficult. Young people often face challenges in building a budget and making informed financial decisions. To ensure your financial stability, it is worth implementing Loud budgeting.
“Budgeting out loud” is a trend on TikTok. At first it was just a joke
The idea of saving, which was proposed by Lukas Battle on TikTok at the end of December, was very much appreciated by Internet users. Since then, the video he shared has been viewed over 1.5 million times.
Loud budgeting is a new concept I’m announcing for 2024 that is the opposite of quiet luxury.
What is it supposed to involve? – If your boyfriend texts you saying “I want to go on a date”, you reply: “I don’t want to buy gas to come to your place and listen to you talk about your ex for three hours,” joked the creator of the concept. And although the rules are explained are in a rather playful way, it’s basically about changing the way you think about spending money.
What is “loud budgeting”? It’s easy
This idea tries to change the way you think about spending, moving from a traditional approach to money to a more flexible and conscious budget management. The idea promotes a culture of financial awareness and encourages making financial decisions consistent with current priorities and life goals. This is a reaction to previous trends, where people bragged about their financial successes, instead of openly discussing financial problems. The creator of this saving trick suggests saying “I don’t want to spend” instead of “I don’t have enough money.”
A new saving technique has stirred the Internet. Young people are taking control of their finances
Under the video published on TikTok by Lukas Battle, you can read many comments about how to use the new financial trend in your life:
I’ve just started hunting for second-hand stores, and ‘budgeting out loud’ perfectly describes how I feel when I show off my finds to friends.
This fits my parents. They are not extravagant at all. I never thought we had money when I was growing up, but then I realized they bought their house with cash, retired before 50, bought a boat, skied in Park City.
I dye my hair, paint my nails and wear dresses costing PLN 20… Not because I’m broke, but why would I spend money?
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
