Have you heard of Loud Budgeting (Sọrọ Sókè): The Latest Money Trend?

At our Azaland hub, we took time to research this and bring the knowledge which we believe will be useful at this tough time of Naija economy.

Here's how it happened:

What is loud budgeting, the new money management and personal finance trend sweeping social media?

Loud budgeting is when a person is vocal (speaks up, sọrọ sókè) about their financial situation and expenses and is transparent about what they are willing to spend.

- Azaland.com


Yes, you heard that right. Rather than being quiet and going out of your way, you simply speak out. Be open.

In Nigeria, we say: Sọrọ sókè! It means: Speak up, speak out.

Now, let's go deeper. What does this entail?

LOUD BUDGETING - THE ORIGIN
This term was coined by TikToker Lucas Battle. In an example by him to understand the concept better, someone who is practicing loud budgeting will not just decline a dinner invitation but rather say,

“Sorry, can’t go out to dinner, I’ve got $7 a day to live on.”

HOW TO APPLY LOUD BUDGETING IN NIGERIA
This simple strategy can save you from unwarranted debts and the FOMO (Fear Of Missing Out) phenomenon whereby you get swept by peer pressure to commit financially into what you are not financially capable of at thst moment.

It's a good strategy at this time.

Read full article at source.

Source: https://www.azaland.com/loud-budgeting-the-latest-trend-personal-finance-t1242.html

Anyone found these useful at this critical time?

I recommend this as a survival strategy at this critical economy times.

What do you think?

Its a key survival strategy considering the economy nRN

I like enjoying myself oh.

This sounds like the stingy people's club.

imagrg:
I like enjoying myself oh.

This sounds like the stingy people's club.

You have the right to enjoy yourself. But we're saying: don't bite what you can't chew. Cut your cloth according to available material. Avoid avoidable debts.