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Jrd · 2024-01-30T09:07:48Z

Maybe you've heard about it. Loud budgeting? Loud. Budgeting. Well...A very unconventional finance term, yet its making waves. It was concocted by a Tiktoker. Here's how it happened:What is loud budgeting, the new money management and personal finance trend sweeping social media?Loud budgeting is when a person is vocal (speaks up, sọrọ sókè) about their financial situation and expenses and is transparent about what they are willing to spend on. Yes, you heard that right. Rather than being quiet and going out of your way, you simply speak out. Be open.In Nigeria, we say: Sọrọ sókè! It means: Speak up, speak out. Now, let's go deeper. What does this entail?LOUD BUDGETING - THE ORIGIN This term was coined by TikToker Lucas Battle. In an example by him to understand the concept better, someone who is practicing loud budgeting will not just decline a dinner invitation but rather say, “Sorry, can’t go out to dinner, I’ve got $7 a day to live on.” “It was meant to be a funny idea that allows people to be financially transparent without feeling embarrassed,” Battle told Buzzfeed. “I think being honest and realistic about money should be considered stylish and cool.”Loud budgeting can be deemed as an opposite to “quiet luxury”. Battle in one of his posts said, “It’s not ‘I don’t have enough’, it’s ‘I don’t want to spend.’” Some ways in which he is cashing on the trend are participating in “Dry January”, going grocery shopping instead of dining out and hanging out with friends during the day instead of going out at night.HOW TO APPLY LOUD BUDGETING IN NIGERIA This simple strategy can save you from unwarranted debts and the FOMO (Fear Of Missing Out) phenomenon whereby you get swept by peer pressure to commit financially into what you are not financially capable of at thst moment.So, guys, next time she says she wants Shawarma and Cold Stone, but you are not financially fit for that, simply sọrọ sókè:"You know what bae, I have only N5k on me, and by Monday, I need to travel back to school. I'm not expecting money from anywhere right now. Can we cook at home and postpone that Cold Stone?" A good bae will understand. A good bae.Failure to sọrọ sókè has led many peeps into many troubles and debts.How well do you think this can help in our current hard economy today?We battle currently with high inflation, depreciating Naira, weaker buying power of Naira, fuel cost due to subsidy removal and all.I encourage all to practice: LOUD BUDGETING now.Sọŕọ sókè joor!Yours truly, JaredAzaland.com

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Loud Budgeting (Sọrọ Sókè): The latest trend in personal finance

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Posts: 171

CarolinaBaby1

Feb 03, 2024 1:21 am

(@carolinababy1)

Reputable Member

Joined: 2 years ago

Yep, this makes lot of sense 😆 :money: Didn't even know this was a thing, make i start my own loud budgeting ☺️

When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰

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Jrd

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Feb 03, 2024 3:23 am

(@jrd)

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Joined: 2027 years ago

Yep, this makes lot of sense 😆 :money: Didn't even know this was a thing, make i start my own loud budgeting ☺️

Oya o.
I have joined too.

DRAMA:

Wife: Dear, I want cold stone and suya.
me: But we just ate pounded yam as dinner. We dont know what to eat tomorrow yet o. Why not lets save that money to cook okro soup tomorrow.
Wife: (silent)
Me: Thank God.

:loveit: :laughs: :loveit:

Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. 💰

Posts: 231

YoungA

Feb 03, 2024 3:36 am

(@younga)

Estimable Member

Joined: 2 years ago

Wow! Soro soke! It's a good one. It's serves you from alot honestly.

Posts: 206

Greatness

Feb 03, 2024 5:07 am

(@greatness)

Reputable Member

Joined: 3 years ago

Wow! Soro soke! It's a good one. It's serves you from alot honestly.

Yes o, no need for unnecessary drama.

Posts: 171

CarolinaBaby1

Feb 07, 2024 12:54 am

(@carolinababy1)

Reputable Member

Joined: 2 years ago

Yep, this makes lot of sense 😆 :money: Didn't even know this was a thing, make i start my own loud budgeting ☺️

Oya o.
I have joined too.

DRAMA:

Wife: Dear, I want cold stone and suya.
me: But we just ate pounded yam as dinner. We dont know what to eat tomorrow yet o. Why not lets save that money to cook okro soup tomorrow.
Wife: (silent)
Me: Thank God.

:loveit: :laughs: :loveit:

😂😂😂😂😂

When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰

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