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Insight of the Day: What is loud budgeting? The Gen Z money trend of 2024 explained

Loud budgeting is a financial trend popularized on TikTok by Gen Z. It's about being open and upfront about your budget with friends and family, especially when it comes to social activities.

Here's the key idea:

* Traditionally, you might feel awkward saying "no" to spending because you don't want to reveal your financial situation.

* Loud budgeting flips this script. You directly tell your friends you're on a budget and suggest cheaper alternatives instead of making excuses or feeling pressured to spend more than you're comfortable with.

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