Priya Patel
“Loud budgeting” is a new trend in personal finance that is gaining popularity. Financial expert Kelley Keehn explains that loud budgeting involves openly discussing your financial goals and plans with others, rather than keeping them to yourself. This can help hold you accountable and provide support and encouragement from your friends and family. Keehn also recommends tracking your “financial calories” – similar to counting calories in a diet – to be aware of your spending habits and find areas where you can cut back. By being vocal about your budgeting and tracking your spending, you can take control of your finances and save more money.
One key aspect of loud budgeting is openly discussing your financial goals and plans with trusted friends and family. This can help you stay accountable and provide support and encouragement as you work towards your goals. Keehn advises finding a mentor or accountability partner who has similar financial values and can offer guidance and support. She also recommends being open about your budgeting with your partner or spouse, so you can work together towards your financial goals.
In addition to discussing your goals, loud budgeting also involves tracking your spending to identify areas where you can cut back. Keehn suggests treating your finances like a diet and tracking your “financial calories” – or your spending habits. This can help you become more aware of where your money is going and make adjustments as needed. Keehn recommends using budgeting apps or spreadsheets to track your spending and create a budget that aligns with your goals.
Loud budgeting can lead to significant savings and financial freedom. By openly discussing your budgeting goals and plans with others, you can gain accountability and support. Tracking your spending and being aware of your “financial calories” can help you identify areas where you can cut back and save more money. Overall, loud budgeting is a proactive approach to personal finance that can lead to a more secure financial future.
