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So Money with Farnoosh Torabi

1655: Loud Budgeting, Gen X Finances and More with Stephanie Vaught (Encore)

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 10 April 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

We're exploring Loud Budgeting, a financial trend that originated on TikTok. How does it work? Is it a good strategy for everyone?


Guest Stephanie Vaught is the founder of Social Money Finance, a personal finance company specializing in helping Gen X women make empowered financial decisions. She is also the co-founder of The Creators' Nest in Detroit, MI.


This episode originally aired on Feb 14, 2024.



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

So Money Episode 1655, the merits of loud budgeting, and when it's wise to maybe stay quiet?

0:07.3

You're listening to So Money with award-winning Money Guru Farnu Farnu Shkorabi. Each day get a 30 minute. money and from Farnus herself. Looking for ways to save on gas or double your double coupons?

0:26.0

Sorry, you're in the wrong place.

0:28.0

Seeking profound ways to live a richer, happier life.

0:32.0

Welcome to So Money.

0:35.2

Previously, you felt embarrassed if you couldn't do the $100, $150

0:39.6

brunch, or if you were saving up for something important or whatever it might be.

0:44.7

And so you make something up and say, oh, I can't go or I've got another engagement or whatever

0:49.3

it is.

0:50.3

But I think by saying and by owning the fact that you are in control of how you spend your money and it really comes down to what you want your light to look like.

1:00.0

What does it include?

1:02.0

Welcome to So Money, everybody.

1:04.0

I'm Farnish Terabi.

1:05.0

First we had quiet quitting.

1:06.0

Then there was a quiet luxury.

1:08.0

Now there's loud budgeting.

1:10.0

These, my friends, are the sounds of Tik-Toc, trends that originate on the social media platform,

1:16.4

eventually entering the mainstream, and now we're talking about it on this podcast,

1:21.0

which means maybe it's no longer cool I don't know but here we are

1:23.9

loud budgeting what is it it's demonstrating control of your finances out loud

1:29.2

vocalizing when you're making money conscious decisions rather than caving to peer pressure

1:34.1

to spend a certain way. Your friends want to go to an expensive brunch or book a

...

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