Why Budgeting Can Be the Key to Unlocking Your Financial Potential

Money has traditionally been a taboo topic. But a recent popular trend on TikTok called “big budgeting” aims to change that. Noisy budgeting is the practice of being open about your budget constraints and financial goals. The concept originated after TikTok comedian Lukas Battle made an inside video in 2024 declaring, “Out: quiet luxury. In: loud budget. Sorry, I can’t go to dinner. I have $7 a day.” To live.”

Wondering if noisy budgeting is right for you? Here are four ways this concept can improve your financial game.

1. You can set better boundaries.

It can be hard to say no to another happy hour at a fancy restaurant or a friend’s birthday dinner. This is especially true if you are a people pleaser. But having a big budget makes things easier.

Being open about your budget makes it clear that saying no is not personal. You are simply setting boundaries with your money and committing to a life you can afford.

2. You can be more responsible

You don’t have to publicly announce your financial goals on social media to try budgeting big. The idea is to be more open about how you spend and save your money. It could be as simple as talking openly about your goals with a few friends or family members.

If you have specific goals, such as paying off credit card debt or building an emergency fund, sharing your goals with others can help you feel more accountable. However, note that research in this area is mixed. Some studies have shown that announcing your goals can make you feel like you’ve already achieved them.

So go ahead and brag loudly about your budget. But check your bank account regularly to make sure you’re actually sticking to your budget.

3. You can have fun saving money

Saving money can feel like an act of neediness. Especially when you feel like you’re the only one who can’t afford to spend money. But if you have a big budget, saving money can be exciting. Sure, you’re probably missing out on that new pair of shoes you want or that seemingly tempting weekend getaway. But you have your eyes set on a bigger reward: financial security. You’ll find that saving money while talking about that goal is actually fun.

4. You can inspire those around you

Many people are reluctant to talk about money. So when you budget big, you might be surprised to find that many people are stressed about the costs of going out, keeping up with the latest trends, and buying gifts.

But if you are open about your money, others may follow suit. They may feel it’s okay to express their financial needs and goals. Anything that removes the shame surrounding money issues is definitely a win.

How to Make Big Budgeting Work

If you want to be successful with budgeting, here are some tips to follow.

• Offer alternatives to spending money. If a friend or family member suggests a luxury you don’t want to splurge on, like an expensive dinner, tell them it’s not in your budget. But suggesting alternative plans, like cooking at home or going for a walk, makes it clear that you’re not rejecting spending time together.
• Check your budget regularly. You need to review your spending and income every month to make sure you’re actually achieving the goals you’re telling the world about. If you’re looking to automate the process, a budgeting app can make it easier.
• Don’t judge other people’s spending. Noisy budgeting is about spending your money in a way that aligns with your goals. Not everyone has the same goals as you. So while being vocal about your budget is generally a good thing, keep your thoughts about other people’s spending to yourself.

Lastly, it’s okay if you don’t feel comfortable sharing your budget with the world. But try to find someone you can talk to about money who can hold you accountable as you work toward your goals.

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