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This 'loud budgeting' trend is helping people save some extra bucks and here is how to do it

In the dwindling economy, there is nothing more important than making smart financial decisions and here is how you can do it too.

This 'loud budgeting' trend is helping people save some extra bucks and here is how to do it
Cover Image Source; TikTok | @lukasbattle

The fluctuating economic conditions are making both young and old generations figure out new ways to save some extra bucks after paying their mortgages, the utility bills and buying essentials. Thankfully, the TikTok financial creators are always coming up with one solution or the other to help people learn more about budgeting. The hashtag #loudbudgeting has been trending on the platform for a while now and for those who are confused about the purpose of it, here is everything you know about this budgeting trend and how you can follow it as well.

Image Source; TikTok | @lukasbattle
Image Source; TikTok | @lukasbattle

Loud budgeting is all about declaring your budgeting rules from proverbial rooftops so one can cut back on the impulses of buying unnecessary stuff and make smarter financial decisions. One of the creators actively participating in this trend is Lukas Battle, who goes by @lukasbattle on TikTok. "It's not 'I don't have enough,' it's 'I don't want to spend,'" Battle explained in one of his popular TikTok videos. Battle told Good Morning America where he gave them further details about how he does his "loud budgeting."

"My friend wants to go out to dinner. I'm gonna just text them 'loud budgeting' this month. I think financial transparency with your friends is something that you don't have to be embarrassed about," Battle said. A financial educator, Tiffany Aliche from The Budgetnista also came forward to tell the outlet that "people can use loud budgeting on their journey towards achieving their financial goals. "Budgeting out loud, it's not just the words, but also having these tools in place," Aliche said. "It holds you accountable. But also, it allows the people that care about you to also hold you accountable."

Image Source: TikTok | @lukasbattle
Image Source: TikTok | @lukasbattle

Aliche also revealed that she follows loud budgeting by placing a "deactivation sticker" on her credit card which gives her a visual reminder about saving her money. "Whenever I take out the card, it's a physical reminder, because I'm budgeting out loud," Aliche explained. "Is this a need? Is this a love? Because if it's just a like or a want, that's $10, $20, $30 less that I can put toward my goal of a dream trip." She also extended a few tips for beginners who are starting to learn about loud budgeting.

Aliche suggested people start a money list, check credit and debit card statements, divide one's money into separate categories and also make a habit of writing down the expenses of each month in separate categories. She recommends people ask their banks to automatically split their paychecks into separate accounts. "Each account can be dedicated to a purpose or goal, such as one for bills, one for savings, and another for entertainment purchases," she concluded.


Another effective way of saving some extra bucks from your daily expenses is the cash stuffing method which is also popularized by creators on TikTok. In yet another latest trend taking over TikTok, Gen Z is demonstrating how to save more cash in an old-school fashion. Assembling under the #cashstuffing hashtag on TikTok, the newest generation is sharing their effective budgeting hacks and showing their audiences how they end up saving a lot of money even after paying for necessities and bills. For the people who are wondering about this art of "cash stuffing," it is not a new method of saving a sum from your monthly income.

Image Source: TikTok | @cdngirlcashstuffer
Image Source: TikTok | @cdngirlcashstuffer

According to Fox 5, financial advisor Bryan Kuderna, who is also the author of "What Should I Do With My Money," appreciated Gen Z's saving practices. "I think it's good that Gen Z is starting to think about budgeting and taking some financial responsibility. I also think in reality, it's a symptom of the fact that Gen Z, remember right now is about 10 years old to 24 years old," he said. "So, it's a very small segment that's even eligible for a credit card. You've got to be 18 to get a credit card and since the Credit Card Act of 2009, it's very difficult under the age of 21 to get a credit card. So, I think of 18 to 21 years old/college age are thinking about their money, how to be smart about it."

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