TikTok’s ‘Loud Budgeting’ Trend Strikes a Chord in Savings Culture

A new viral TikTok trend might help you save money amidst inflation. #loudbudgeting is currently trending on social media, with nearly 10 million views and growing.

So, what exactly is ‘loud budgeting,’ and how do you embrace this trending financial approach? According to a TikToker named Battle, it’s a radical shift in mindset when it comes to spending. Instead of lamenting, “I don’t have enough,” you proudly declare, “I don’t want to spend.”

In a recent video that has gone viral, Battle breaks it down further, offering a practical example: “So if your friend texts you, ‘I want to hang out,’ you text, ‘I don’t want to spend gas money, I’m coming to you to hear you talk about your ex for three hours’.” It’s a bold stance against unnecessary expenditures, a movement to challenge the status quo and send a message to corporations about the national inflation level.

Emphasizing the contrast with the quiet luxury trend, which often revolves around idolizing celebrities and flaunting opulence, loud budgeting takes a different approach. It champions the everyday person, the average Joe, who wants to make a statement through frugality and conscious spending.

As news of this trend spreads, social media has become a buzzing hive of discussions, with people from all walks of life sharing their thoughts. One TikToker humorously summed up loud budgeting as “buying the travel-size conditioner,” while another shared a personal revelation about their parents’ discreet financial habits.

One enthusiastic supporter of the trend expressed, “Someone said that spending money is an ick in 2024, and now I’m living by that.” Another contributor declared their allegiance, “I pay a lot of money to be at home. So that’s where I’ll be,” illustrating the commitment to fiscal responsibility.

One loud budgeting veteran proudly shared, “I’ve loud budgeted for 25 years and have 6 houses and a Dollar Tree black belt. Earn close to half a mil and still recoil at Starbucks prices.”

Maya McIntyre, who spoke exclusively to AU News, revealed that she embraced the loud budgeting trend and managed to save a whopping $250. This success story adds fuel to the growing fervor surrounding this financial movement, encouraging others to jump on the bandwagon and loud budget their way to savings.

To get started with loud budgeting, financial expert Aliche offers a few beginner tips:

1. Budgeting Basics: Start a “money list” to track your expenses.
2. Financial Checkup: Regularly check your credit and debit card statements.
3. Categorize Spending: Divide your money into categories, making it easier to manage.
4. Monthly Evaluation: Write down your spending per month in each category.

For those seeking a more streamlined approach, Aliche suggests automating the process by asking your bank and/or employer to split your paycheck into separate accounts. Each account can be dedicated to a specific purpose or goal, such as bills, savings, and entertainment purchases.

In the world of loud budgeting, the message is clear: Take control of your spending, make a statement, and watch your savings grow. So, are you ready to join the loud budgeting revolution? The choice is yours, and the potential savings are waiting to be discovered. (ASC)