In a world where social media trends come and go, one money-saving trend is making a lasting impact – loud budgeting. This trend, which has nothing to do with giving up your daily coffee, is all about being vocal and firm about your financial boundaries in social situations.
Loud budgeting was accidentally created by comedian Lukas Battle, who wanted to break the taboo of speaking about money. Inspired by the “quiet luxury” trend that was popular in 2023, Lukas coined the term and it quickly gained traction on TikTok under the hashtag #loudbudgeting.
The concept is simple – instead of trying to keep up with the Joneses and flaunting expensive items, loud budgeting encourages people to be open about their financial limits and focus on spending money on things they truly enjoy. It’s not about being poor, but about being intentional with your spending.
People like Mia Westrap have embraced loud budgeting by sharing their finances with their followers and setting strict limits on what they can purchase. Mia, a PHD student, has saved £1,700 by cutting back on non-essential items like clothes, beauty treatments, and dinners out.
Financial expert John Webb believes that loud budgeting can empower individuals and create a more realistic relationship with money. By normalizing conversations about finances, this trend is helping to reduce the stigma around talking about money.
While loud budgeting may not be for everyone, it’s clear that this trend is resonating with many people who are looking to take control of their finances and live more intentionally. As Lukas Battle said, “It’s just focusing your spending and time on things you enjoy and cutting out the things you might feel pressured to spend your money on.”
