SHUSH MONEY

If you'd rather not yell about your financial position, this trend might just be for you.

- By ELLA WALKER

FLASHING THE CASH: Social media has helped fuel a more showy approach to money

YOU may have heard about 'loud budgeting,' as a crucial tenet of it was people shouting and sharing loudly about their money decisions, especially on social media.

“Loud budgeting is letting everybody know how much money you've got, what you're doing with it, what you can’t afford,” explains Vix Leyton, consumer expert at thinkmoney. “Whereas quiet budgeting is a little bit more low-key, a little bit more old school. It's about getting your money in the right place in a completely fuss-free way.”

Loud budgeting, she explains, “became quite performative, and not everybody is comfortable with talking about every element of their financial life”. It was also a trend that risked people thinking, financially speaking, that “you have to be doing a lot, and if you're not doing enough, then maybe you shouldn’t bother with anything. That fatigue around all the things you ‘should’ be doing risks people not making small changes that would have a big impact,” says Vix.