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.
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,
“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.”“Sorry, can’t go out to dinner, I’ve got $7 a day to live on.”
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:
A good bae will understand. A good bae."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?"
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,
Jared
Azaland.com
Didn't even know this was a thing, make i start my own loud budgeting 
