Loud budgeting: 5 things to know about the viral TikTok trend
Loud budgeting is the latest trend that has gone viral on TikTok. It involves being vocal about your financial limits and prioritising your financial goals.
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It allows one to say no to things they can't afford or don't wish to spend on. It helps build a space where one can openly and confidently express their financial goals without feeling guilty.
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Here are 5 things to know about this viral trend coined by TikToker Lukas Battle.
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Helps identify what you value
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This approach helps you identify and invest in things that add value to your life and offer long-term fulfilment.
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Helps choose experiences over goods
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It involves enriching one's life by spending on creating memorable experiences rather than collecting materialistic goods.
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Helps set financial boundaries
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It effectively sets financial boundaries and helps avoid social pressure by saying no to unnecessary expenditure.
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Boosts saving
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Practising loud budgeting can help boost savings as it encourages one to make smart choices when spending money.
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Promotes discussion on money matters
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It helps encourage a healthy discussion on money matters and promotes financial wellness for all, giving one the space to talk about their financial limits openly.