What the heck is "loud budgeting"?

Good morning!
We had quite a few of you subscribe to the newsletter after watching me cut up a credit card. I’m glad you’re here! Social media is so good at connecting people who are like-minded and trying to reach similar goals. So welcome!

DEFINITION
Ever heard of this “loud budgeting” trend?

• If you’re anywhere near Tiktok, there’s this new trend called “Loud Budgeting.” And this is probably the only trend from Tiktok that I can hop on.

• Basically, loud budgeting is a way to say no to friends, family, and people that invite you to spend money when you don’t want to.

• It’s not about being rude. It’s about drawing a boundary, and not having to explain yourself. For example, if your friends want you to buy Coachella tickets (but you’re saving up for a car), you can say “No thanks, I’m okay.”

• It’s also NOT saying, “I don’t have the money to spend.” Loud budgeting is about taking ownership by saying “I am choosing not to spend.”

• Honestly, when I first heard of the trend I thought it literally meant yelling “LOUD BUDGETING” whenever someone wants you to spend money you don’t want to lol.

PRACTICAL ADVICE
Don’t obsess over your credit score

• Today I’m dropping a video about a friend who cared TOO MUCH about his credit score, and how that it led him to make poor financial decisions.

• If you’re taking out different kinds of loans or opening new credit cards for the sake of building your credit score, you gotta reevaluate (Finance bros will attack me for this statement).

• Tomorrow we’ll talk about the real purpose of a credit score

HELPFUL RESOURCES
Use the budgeting app I use

• It’s called EveryDollar. I’ve been using it for the past 4 years, and it’s the simplest; quickest way that Ashlea and I make a budget each month and stick to it.

OUR COMMUNITY
What are your questions? Or share a win!

• Reply to this email with any personal finance question you have, or share with me any wins in your life! (I’ll respond to your questions anonymously in future emails)