'Come out for drinks.'
'Let's go see a movie.'
'How about that girls' getaway?'
Watch: 4 money hacks that don't cut out your daily cup of coffee. Post continues below.
Well this year, all that is about to change, thanks to a new online trend known as 'loud budgeting'.
What is loud budgeting?
Loud budgeting is a term coined by Tik-Tok star Lukas Battle. The idea is that rather than succumbing to peer pressure to spend (or coming up with some excuse why you can't), it should be OK to be honest and transparent.
More than just OK though. Battle argues it should be a standard practice to publicly say no to expenses you don't wish to incur. This is not to be frowned upon or judged but respected and celebrated. He says, "It's not, I don't have enough. It's, I don't want to spend." It is a stance that has resonated with many, with his video getting over 1.4 million views.
The power of loud budgeting.
Money is a topic that has typically been taboo. Despite the rise of countless money forums, blogs and influencers, our personal finances have largely remained private – especially around friends and family. This is because we have been conditioned to associate our net worth with our self-worth. We fear judgement from those around us about how much we earn and what we do with it, so we keep it quiet.