What is loud budgeting, and is it worth a shot?

The TikTok trend encourages users to go public with their monetary decisions

Woman holding calculator and megaphone isolated on white background
TikTok's new trend may actually be worth a shot, according to financial experts
(Image credit: comzeal / Getty Images)

TikTok has launched a number of popular trends, from dances to day in the life videos — but the platform’s new financial concept may actually be worth a shot, according to financial experts. It’s called loud budgeting.

The phrase, which was coined by TikToker Lukas Battle in December, "encourages consumers to take control of their finances and be vocal about making money-conscious decisions, rather than modeling purchase behaviors after celebrities and their bottomless pockets," said CNBC. The aim of this enhanced transparency is to encourage accountability and ensure people are spending in line with their financial constraints and long-term goals

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