Loud Budgeting: How Gen Zers are Saving Big on Personal Finances with TikTok Trends

The latest personal finance trend taking Gen Z by storm is “loud budgeting,” and it’s not just a passing fad. According to a recent survey from Clarify Capital, Gen Zers who embrace the concept of loud budgeting are saving an average of $629 per month.

So, what exactly is loud budgeting and how does it work? The idea originated from a TikTok comedian named Lukas Battle, who created the concept as a way to be vocal and intentional about managing your spending. Instead of mindlessly splurging on unnecessary expenses, loud budgeting encourages individuals to clearly state their financial intentions and make deliberate choices about how they spend – or save – their money.

The survey revealed that while 20% of Gen Zers are aware of loud budgeting, only 6% actually describe themselves as “loud budgeters” who actively implement the method in their personal finances. However, those who do practice loud budgeting are reaping the benefits by significantly increasing their monthly savings.

To effectively utilize loud budgeting and save more money in 2024, here are the top five habits associated with this trend:

1. Review and adjust your personal finances regularly: Stay on top of your financial situation by regularly monitoring your expenses and income.
2. Make intentional choices to support your financial wellness: Be deliberate about your spending habits and avoid impulse purchases.
3. Setting (and prioritizing) goals for your personal finances: Define clear financial goals and prioritize them to stay motivated.
4. Planning for the short and long term: Proactively plan for both short-term and long-term financial goals to secure your financial future.
5. Holding yourself accountable for spending decisions: Take ownership of your financial decisions and learn from any mistakes.

Loud budgeting has gained popularity for its simplicity and effectiveness in helping individuals take control of their finances. By utilizing budgeting apps and high-yield savings accounts, individuals can gain a clearer understanding of their spending habits and work towards building a brighter financial future.

In a world where many young people feel overwhelmed by debt and financial uncertainty, loud budgeting offers a practical solution to improve financial well-being and achieve financial goals. So, if you’re looking to save more money and take charge of your finances in 2024, consider adopting the principles of loud budgeting to see tangible results.