From Time Turner Legal:

In 2023, “quiet luxury” was a big trend, but social media now says it’s passé. The new thing: “loud budgeting.” This trend in frugality is taking the internet by storm – creator Lukas Battle’s 1.4 million view TikTok video explained the mindset. According to Julie O’Brien, loud budgeting can make people feel less alone and more empowered.Image may contain: Clothing, Apparel, Human, Person, Footwear, Shoe, Accessories, Accessory, and Sunglasses
As young people face challenges like returning student loan payments and high interest rates, they are drawn to prioritizing their financial well-being over material spending. Loud budgeting can encourage meaningful spending and public discussion, while also increasing accountability. It’s a big step and could possibly lead to better financial health in the long run.
Buying drinks on a budget might save a few bucks, but can you really say no to a friend without alienating them? Maybe not. The obnoxious cheap trend has merits, but saying no to everything that sounds expensive may not be the right approach. Instead, use this trend as an opportunity to align spending and saving habits with your goals.
Using loud budgeting as a chance to clarify your spending/saving habits is the way to go, suggests Ben Markley. Make informed decisions about your spending by writing out your goals, estimated costs and planned affordability. This helps ensure you’re making space for what’s important to you and confidently saying yes when you choose to spend.
Remember the “quiet luxury” trend? Thanks in part to the “vibecession,” it was big in 2023. Perhaps best showcased by Succession and the Gwyneth Paltrow trial, quiet luxury centered around subtly showing off one’s wealth. err Msg
And now, according to social media users, it’s totally passé.
On 2024 in/out lists, quiet luxury has been replaced by “loud budgeting,” a new concept in which you make your frugal mindset obvious.



Read more: What Is Loud Budgeting? Money-Saving Trend Goes Viral