Has Gen Z Actually Figured This Out?

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About this episode:
Today, we’re talking about the viral Gen Z trend loudly claiming to help you save money and improve your financial wellness. Find out if this one’s worth the hype.
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[@DanglyDongle]

My wife told me years ago I needed to stop being so proud of how little I spend on things. Apparently I've been loud budgeting my whole life. I just got a free 60 inch TV for helping a friend move. Gonna ride that high for months

[@topdownquilting3967]

My husband convinced me not to keep telling people how much we spend on things. We keep watching everyone else our age go deeper and deeper in debt. I only know a handful of people my age who are not close to half a million in debt it's insane.

[@c7042]

Got my free 42 inch wall mount flat TV the same way e.g. helping someone move. My previous 26" was murdered by a lightning bolt (Oh! my flaming diodes). I do the budget thing too @$767/month. Accummulated >$260K so far in my brokerage account. No debt and save about $22K/year. Re-invested interest income about $12,2K/year. Dollar cost/averaging buying 2 SPY shares every week now. Almost all excess cash is in SWVXX@5.19% now. Best$$ help is not having a wife anymore. My plan is to never borrow money or get married again.

[@CAGChannel1]

We did the same!! The dude we help move wanted to switch all his TVs to 3-d when that was the in thing, and he hated the black space on the sides of his huge TVs. Where are those huge TVs with the nice black stripes on the outside - oh yah, right here with George’s face on it - every huge pore! ( your skin is too perfect, for real!) These TVs are huge.

[@abyjohnkutty]

😂

[@jessz.]

Nice name.

[@farfallina16]

I always tell my kids "You get a 100% discount when you don't buy it". A discount is only worthwhile when you were intending to buy it anyways.

[@GermanVelaFinance]

Love that! "100% discount for not buying" is such a catchy way to put it. Definitely helps kids see past impulse buys.

[@bellad1063]

😂

[@itchysheets1222]

I actually laugh when retailers offer “buy one get one HALF OFF!!” Like….im getting 25% off but I have to buy two just to get THAT? That’s insulting. Even if it was something I was going to buy anyway, I was only wanting one of them.

[@farfallina16]

@@itchysheets1222 My favorite is Yankee Candle - I love their candles, but they have discovered more ways to say "our candles are actually only worth $16" than I thought possible. They've been having a "limited time only 50% off" sale for about two decades.

[@ashleycnossen3157]

Yes I just had to stop myself from buying deep discount 90 cent baskets

[@jasonbeedon9867]

“You don’t need to spend money to have fun.” -the best advice I was given in my early 20’s

[@stephaniejensen4596]

"I don't have the *budget* for that." is more honest, powerful, and intentional.

[@Miner-dyne]

Yep. Been saying "that's not in the budget" for a very long time now. My fiancée now says, "put x in the budget" as opposed to "can we afford x". That is a huge quality of life win, and give us both more power over our expenses.

[@trevorodell5564]

The power of "it's not in the budget" is that it draws a hard no with virtually no argument, but it can also be applied completely honestly to things you just don't Want to do. It's not in the budget...because it doesn't count as "fun," it definitely isn't a "necessity," and there's no way I'm creating a new line in my budget for something I don't even want to do.

[@levigoodwin3522]

"Loud budgeting" just seems like young city people discovering what rural midwesterners have known for decades.

[@evage99]

No joke, this all seems like very basic information to me 😅 But I'm glad that fresh adults are still learning that wise spending is important.

[@gabrielleglenn4307]

I once worked at a salon in California (high end place) I had a cheap necklace that was very real looking. One of these rich ladies complimented it and I instinctively said “thanks! It’s was like $5”. She looked at me like I was crazy and said “don’t tell people that”. Umm ma’am I love bragging about my frugality.

[@mensb1936]

I do this all the time too

[@rickmossop3733]

@@mensb1936 Me too. "Nice shirt" "Thanks, it was on clearance at Walmart for $3.".

[@mensb1936]

@@rickmossop3733 Lol exactly

[@Hippo-finds]

Had a seminar experience. I’m a addict when it comes to thrifting. I often fine high end jewelry and proudly tell people my 2000$ brooch I paid 7.99. A lady I used to work with was adamant this was the most horrid thing I could do and how I was being rude. Nah I am a fisherman bragging at the size of my trout

[@2okaycola]

Same. If you ask, I will gladly tell you the discounted price paid

[@sarahshealthyrecipes]

When we drive by fastfood and my kids ask if we can get some I say: "We COULD get some OR we could go on vacation to the beach!" I don't want them to think we're poor. We DO have the money, but we CHOOSE to do something else with it. Having a growth/positive mindset vs a closed/negative mindset. ❤❤

[@LegDayLas]

Spending on fastfood or spending on vacation is still spending. Also just tell em it's bad for them, affordability doesn't need to play any part in that decision.

[@sarahshealthyrecipes]

@@LegDayLas very true! Anytime I've voiced said temptation, they say: "But Mama, you don't wanna get diabetes!" 🤣🤣🤦‍♀️I've trained them well

[@amypola5903]

Aaaand screenshot!

[@amypola5903]

​@@LegDayLassaving is still spending when you assign every dollar a job

[@wintermatherne2524]

The point is to spend responsibly. When I save I spend on investments.

[@annetawney2408]

I can't do the "wait 24 hours before buying it" thing. I have to wait 3-4 months before buying it. It still feels like an impulse purchase if it's within that first month of wanting it.

[@Jazzatic2011]

Do you find it weird that you can go weeks without something but still want it and have sat on it for a time? Like I want something and that could be the case for months if not years.... even if its just luxury or not a need exactly....yet thats not most peoples impulse buy problem.

[@2okaycola]

Yep. I must really really need to have it after much pensive thought

[@olivewash8419]

I like to do the “ test of 3”. As in, if I want it or find myself saying “this ___ would be a perfect solution”, I’ll go ahead and add it to my wish list. If I have that same thought 2 more times, meaning there’s now 3 situations where I could use the item, I give myself permission to buy it. This way I know I’m not wasting money on things that don’t get used. It might take a month, it might take a year. And that time difference helps me know how much to spend - need it often = spend for quality. Don’t need it so often = go for the low-end version or a dupe. Really helps with impulse spending

[@chrism340i]

My friends clown me for not wanting to go out and spend 240$ on food. I told them that I could make better food for 5$ at home. They go and say if you can’t spend 40$ your “broke”. I’m not broke. I just don’t want to pay 40$+ for food that I could make way cheaper 😂

[@dt5622]

Change friends ngl

[@laundrygoddess4]

You can almost always make it better at home. I'm with you completely. It's not worth it

[@Based_Comment]

L friends

[@susiex6669]

I will only go out to eat in a blue moon to have something I cant make at home. I prefer my own cooking/baking/coffee and cant understand spending hundreds of dollars on a meal that will end up in a bathroom two hours later. Same with going out to drink. I like to see where my money is going.

[@joshuahendrickson8694]

Stay strong, my friend! You are the wise one of the bunch.

[@lauraelizabethbrown]

I was at a fair trade shop trying to decide if I wanted a full size chocolate bar or a small one. The store clerk said, "Or you can buy two of the small ones and have a little now and a little later." I said, "I'm not doing that, based on the weight I would be spending more money for less chocolate. I would only get the smaller chocolate because it gives room for something else in my snack budget." She said, "It's fine. It's girl math." I said, "I do math, not girl math." Also let's not excuse dumb financial decisions with a term like 'girl math.' It's kind of demeaning to women.

[@wintermatherne2524]

Yes to the girl math bs. Makes me ashamed to be female when women defend this stupidity.

[@robinheinemann1740]

It's invented by women so we may as well call it what it is. It's aptly named actually as it uses emotion over logic and applies that to math. Would probably qualify it as "decolonizing" math which is something those kinda people champion.

[@FancyForestPerson]

Excellent comment.

[@BobTheTrueCactus]

It adds up if you lack the self control to stop eating the whole thing.

[@FancyForestPerson]

@@BobTheTrueCactus Good point. I buy little airplane bottles of booze to prevent over-indulging. I take one to a bbq and split it between two drinks, and when its gone I know its time to switch to water. Totally worth the higher price.

[@personnesenki4521]

Saying "I can't afford it." ends the conversation. Saying anything else continues the conversation and then you have to keep justifying why you don't want to spend money.

[@Doctor.Dentista]

Don’t be a wimp. “I said no…I don’t want to”. I don’t lie to my friends about why I don’t go everywhere with them.

[@charisginn6932]

And “I can’t afford it” isn’t a lie if you consider the other costs besides just the money. If it sets you back from your financial goals, then you can’t afford it. If it would cause you stress knowing that you wasted money on it, you can’t afford it.

[@kaelaleedaley]

"I can't afford it" is part of a longer sentence - "alongside my other expenses". It doesn't mean you're destitute, it just means it's not feasible alongside everything else - no-one but The LORD can do everything at once! "I can't afford it just now" is absolutely fine to say xx

[@rbgz246]

I've tried this... and then they offer to pay for me, I always appreciate the offer but that's not what i was trying to do lol. Did anyone have advice?

[@personnesenki4521]

@@rbgz246 "No thanks; I'm good... it feels weird when other people pay for me."

[@toddbarrera375]

Instead of "I can't afford it." Why not "It's not in my budget."

[@stephaniejensen4596]

This!

[@rachelt727]

I use that saying all the time. It doesn’t sound like I’m a poor ass. Just that I’m trying to be wise with my money.

[@IkaMiranti]

Or use : "it's not my priority for now"

[@jonathanleak7263]

I think because if a person says the latter they're more open to move things around in their budget to satisfy instant gratification; I believe that is what she is trying to nip in the bud by instead saying "I can't afford it"

[@dorgana225]

I thought the exact same thing.

[@PeperazziTube]

My saying for years already is "don't want to afford it"

[@giggle1971]

Yes, or I choose not to spend my money on that. It’s funny that she talks about attracting wealth with a broke mindset. If you focus on broke, well, what you focus on expands

[@Alexis-wh2de]

I've been quiet budgeting--living within my means and "moving in silence". I definitely like the "loud budgeting" trend. The pride in saying, "My financial priorities don't accommodate this request!" and choosing the thing that makes the most financial sense to your bank account.

[@tracyaf6084]

I’m like the first girl 😂I love telling people about my bargains! And it’s really shocking how many compliments I’ve gotten on cheaper dresses than more expensive ones. I also love to show people if my dress has pockets.

[@charisginn6932]

Omg a dress with pockets is the most rare and beautiful thing. I don’t carry a purse, so I refuse to buy any women’s pants, shorts, skirts or dresses that don’t have pockets. Dresses are definitely the hardest!

[@rebeccashields9626]

Dresses with pockets are the BEST! I will tell everyone in earshot about the pockets!

[@whyme7996]

Please, work on your vocal fry. It wasn't the worst, but it was very noticeable.

[@annatheawesome1]

Pocket flexing is a must! ❤

[@FancyForestPerson]

Hell yea, dress pockets are such a flex.

[@jeremyflatter6105]

When my wife tells me she used 2 coupons on one item and my motor gets running! Haha. Love my wife and I have same goals and frugality.

[@seadragon1456]

For those that don’t know it’s called coupon stacking. You stack a manufacturer coupon with a specific store coupon. The trifecta is stacking those coupons with a store sale. About ten years ago the stores doubled the coupons. A 50cent coupon was really $1 Those were the days!!!

[@phoenix5054]

That's a weird kink. Wife: Hey baby. I used two coupons on one item. I'm a dirty naughty girl. You: Vrooom Vrooom!

[@TheJack6966]

lol this is so cute

[@Jbridge621]

Every other year I fly to visit my best friend and I always have to remind her. I am here to live with you in your daily life so that we can spend time together and that’s all and it is always fabulous. We cook meals together. We take hikes together we grocery shop together we drink wine and eat cheese together And catch up Those are million dollar experiences and I treasure each and everyone of my visits ❤

[@ShiningSakura]

I've been "loud budgeting" for years... though I call it being in reality and just saying it how things are.

[@TheThreatenedSwan]

That woman was so cheap she only bought half the shirt

[@mltbkr]

hahahha that is hilarious!!!!!!!!!!!! thanks for pointing that out hahhahha

[@phoenix5054]

Oh, but is half shirt actually less expensive than the whole shirt?

[@LifeKindnessBudgets]

It's not in the budget. That sentence set me free!!!

[@GermanVelaFinance]

YES! There's something so empowering about being able to say "not in the budget" without feeling bad.

[@laundrygoddess4]

My kids have heard that on occasion their whole lives

[@bryangarner3648]

Pro: They're getting with the program. There's a little hope for the future yet Cons: They have to make a new name for old and already proven concepts

[@SbzeroGames]

There is no problem with that. At least they are doing the right thing.

[@whyme7996]

It's a flex always a flex...the ways that their parents tried to teach them was sooooo old fashioned, BUT they've figured it all out. By doing what their parents tried to teach them.

[@jillmorrison9883]

Lol Exactly

[@tweakernation]

@@whyme7996 For most of this generation, our parents HAVEN'T taught us any of this or even tried to, so this is us rediscovering what was never learned to us.

[@trinity6180]

@@tweakernationMany, many parents did and the kids didn’t listen. It is good to hear even if they think they came up with these things.

[@zachdarr7605]

Boy now I feel hip and trendy. I heard some new phrases today. Loud budgeting and quiet luxury

[@bettedavis9261]

As a 62 year old Boomer, I've been practicing these money saving tips for over 40 years. I've been a frugal person and a budgeter since I was about ten. Thanks for your content, George.

[@allisonjones-lo6795]

Same here. Friends may think we are crazy but we don't care!

[@carolannstevens5814]

Are you a millionaire?

[@bettedavis9261]

@@carolannstevens5814 mmm hmm

[@erinperez6083]

I much prefer “I thrifted it” to “$10 on Amazon” because that cheap dress on Amazon was probably made by a child in a sweat shop. As a Millennial who finally got to purchase a home at 40, I tell everyone how much I love the 2nd hand economy in Portland, OR and which furniture, decor, and clothing pieces I found 2nd hand and from where I got them. I get to be eco-conscious, budget-conscious, and a treasure hunter all in one 😊

[@Chels904]

I can't afford it = I can't afford to feel guilty about it, I can't afford to keep this in my closet and not wear it, I can't afford the extra calories

[@charisginn6932]

Exactly! Not a lie

[@gyvas]

"Then put it in your budget!" you have control over your budget, if you didn't put the fun-but-expensive activity in your budget then you can put it in and then go, if you can't afford it you can't go. Basically wording it so it sounds like it's out of your control so they'll leave you alone with it.

[@wintermatherne2524]

Just answer “Don’t feel like it.”. Can’t argue with that🤣🤣🤣.

[@meagon1020]

2024 is the year I heal my relationship with money. I tend to save save save and not spend out of fear of going broke. I'm slowly learning the balancing act of saving for the future and spending on things/experiences I enjoy.

[@thomashazlewood4658]

Yes, poverty is an excellent teacher.

[@lejtalens8675]

Asian culture has been doing the "thrift flex" for generations. Welcome to the party.

[@kevgret]

So people are bragging that they are finally living within their means?

[@benedwards3427]

Why not? There are millions crying loudly about essentially being victims of a system.

[@JK-mp1mg]

Wait until they get the concept of living off margin. :)

[@barborakopalova4583]

Hell yeah😁

[@ExiledStardust]

Yes, and they think this makes them very special. And that everyone else needs to hear about how smart and special they are.

[@tealkerberus748]

Considering how much active brainwashing they're being exposed to from corporations and individuals trying to profit from gaslighting them into endless debt, the younger generation need to fight back LOUDLY just to have any hope of survival. And talking about it is peer support and positive role modelling for all the other young people trying to buck the pressure to live on the edge of bankruptcy.

[@angelfriend3710]

I find that I save TONS of money by getting my clothes from Goodwill, Salvation Army, and thrift stores. I always get compliments on my clothes, and I in no way feel less than for wearing them. Also, I can buy maybe 3 or 4 tops for the price of 1 top in mainstream retail... sometimes more. I save mainstream retail shopping for vacations. It has saved me soooo much money, I look great, often still wear designer clothes, and it barely makes a dent in my budget...under the title of weekly spending allowance (with a focus of putting as much as I can into savings).

[@beth3535]

Me too. I find one-of-a-kind items at little thrifts too. Each week a friend and I meet at the shop and then have a coffee together.

[@bite-sizedshorts9635]

Except I'm tall and have never found any clothes that fit me outside of a big and tall store. There are no stores at all within an hour's drive of my house that sells clothes or shoes I can wear. I have to order everything online. But by getting quality clothing and shoes, they last for years. I get generic shirts and pants that never go out of style.

[@lamieannacosta7746]

I’ve been loudly saying… “I can’t… I want to retire”

[@wintermatherne2524]

100%!

[@TheRealFrostysaur]

Loud budgeting huh. Well my first car was only $500 from a random guy in a target parking lot! Wooo

[@victorbaird8220]

Do you like Wendy’s frostys 😊

[@TheRealFrostysaur]

@@victorbaird8220 I unfortunately don’t have a Wendy’s near me

[@pamherman6363]

Good one! I bought my first car from some guy in a bar for $400. Added two newer tires for $50 bucks from another guy and I was good to go.

[@christins.1481]

Inside Target I bought a $145 real leather, cloth-lined, aviator jacket. Was the only one left on the rack and was on cleared. After purchasing, I had peeled back all the clearance stickers to that original price. They kept on reducing it and couldn't get rid of it. I paid only $25.

[@mr.meeseeks2310]

We need to get away from the taboo about talking about money.

[@timmymiron2727]

I constantly talk about money. I guess that's why it keeps my bank account healthy

[@alicehansen6905]

100%. People freak out when I talk about our budget with my kids. People think I am giving them trauma. But my kids know WHY. And the why is we are choosing to become debt free.

[@wintermatherne2524]

My goodness people are such pussies these days.

[@thriftymama3786]

I guess I've been loud budgeting my whole life 😂😂😂

[@tonycrabtree3416]

Yeah these tiktokers think they are special or something. 😂😂

[@fleurelise997]

When i was younger, i used to fall for the salesgirls tactics for embarrassing the customers into spending more. The raised eyebrows and smirks. Now when I'm shown something way overpriced, i feel no qualms saying, "Seriously? Is it made of diamonds? Put it back!" They get really sheepish and take me to the bargain section, because small commish still better than no commish at all 😂😂😂

[@Erepk]

This doesn’t work for everyone, but once I made a work bestie, I assumed I’d be pressured into buying lunch so instead I suggested we alternate brining lunch for each other :) it helps saving money but also time the day before when the other person is in charge of brining lunch

[@brittaneypregizer6903]

The dinner and drinks thing, bought a bottle of wine for $9 at Costco, at the restaurant we went for our anniversary, it was $41!

[@bite-sizedshorts9635]

Drink sweet tea, and it will be even cheaper. Some restaurants don't even charge for it. Alcohol is a waste of money, no matter where it comes from.

[@julietellsthetruth4811]

I am blessed to live and work in a community that fully believes in "reduce reuse recycle." A friend of mine, the wife of a corporate manager, gets her kicks hitting up the thrift shops. The company I work for has several "free boxes" at each location because we have seasonal workers who can't take all the new outdoor gear that they bought on a plane. (My best find was a $350 Columbia coat.) There are also several second-hand sporting goods stores within driving distance. My favorite however are these scratch and dent grocery stores! Sadly, there are none locally.

[@Takar100]

I like how they pretend that this is a new concept. Like this isn't something we've been yelling for years.

[@sourdoughsavant22]

Guess we weren't "loud" enough lol 😂

[@tweakernation]

This isn't information most of my generation was ever exposed to. All of our media when we were growing up was commercials telling us to buy this or that RIGHT NOW, or you'll miss out. We were fucked from the start.

[@Takar100]

@@tweakernation I always tell my kids the world is literally just setup to separate you from your money.

[@katiejon17]

My great-grandparents apparently perfected this during the Great Depression... and each generation has perfected it since. So, NOT a new concept. But it’s good that younger generations are getting a clue that hyper consumerism will bury them.

[@katiejon17]

@@tweakernation What generation are you? I am the last year of gen-x, and growing up in the 80’s and 90’s we were told the same thing. But parents were better than they are now, so they taught us. I now have two young children and whenever a commercial comes on they say “they’re trying to sell us junk we don’t need”. It is the parentKs responsibility, but if parents kept you in name brands (unpaid billboards for huge corporations), then you need to acknowledge they they “effed” you on this matter. Acknowledging this doesn’t mean your parents sucked in every way - but you can change this when you have kids.

[@fuzzy3440]

This gave me hope for the next gen. How about loud "healthy eating" next?

[@damemethief]

The shock on George's face when she said "Girl Math is out" 🤣

[@onebridge7231]

People think they are spending money, but in reality we are all spending our time. It took your time working to earn the money to spend. I started putting my wants in relation to time I have to work to get it versus the time I bank by not spending and gaining time (investing instead) on earlier retirement.

[@Scarletcroft]

You get it! This is exactly how I think people should think about money. Especially when you also know that the concept of money is simply an imaginary representation of how much your time and effort as a in individual is perceived to be worth noted as numbers on a bank account or paper in a wallet. Not trying to be too philosophical. We are trading with our hours, days, years.

[@wintermatherne2524]

Yep. But midwit always answer, “I don’t look at it like that.”.

[@davidt1621]

I'm a 36yr old Millennial raised by a Boomer Father and a Gen X Mother, and, "We can't afford it," was drilled into my brain before puberty hit. "We can't afford it," is my default factory setting. I've literally said this in reply to the question, "Can we go to Target later?" We take into account the cost of fuel for a grocery trip. Anyone else only go to the grocery store one day a week? I know you do. It's like we're all going there at the same time. Forgot to get the milk? Good. We can learn to eat cereal dry.

[@51827]

If you can't buy it twice you can't afford it. Greetings from switzerland

[@Leife22]

Love this. I always buy two of things i need

[@51827]

@@Leife22 👍when i buy an ipad i buy apple shares for the same price and so forth

[@samuelbudgets6312]

5 to 1 Preferably 10

[@colleenwebster8762]

My husband, gen x, has been doing this forever and taught it our four gen z kids. They will be so happy that this is actually trending because my oldest adult children have said they wish they had not been taught to do this because they feel too guilty to not be frugal. They always felt weird because none of their friends were raised frugal.

[@audreyquinn73]

I'm a Gen Xer and I'm all here for "Loud Budgeting." This is a great concept. Save your money for a rainy day. ❤

[@chrism340i]

It’s funny. My friends try to flex designer clothes and money on instagram and snap but since I actually know them they be living in they moms house with two kids. Retail job and a baby mom they they ain’t loyal too😂.

[@faithtoiyoi2284]

"Not in the/my budget" including my kids can hear this from me.

[@docb77]

Never heard of quiet luxury. Stealth wealth yes though.

[@freedomring3022]

It’s amazing how the younger generation renames things that us older folks have been doing for years.

[@Jfhelwig]

Yeah, every time they figure something out, it's like they're ground breakers!😂

[@pe8841]

It’s insane how the older generation has racked up so much debt in this free country and essentially just pushing it down the line for the younger generations to deal with.

[@freedomring3022]

@@pe8841 you spelled government wrong.

[@pe8841]

@@freedomring3022 that you and your older generation peers voted on/in.

[@laundrygoddess4]

​@@pe8841the options truly suck

[@ViolosD2I]

As a middle-aged European, it's great to see this become a thing in the US and with younger adults. Basically reducing the deviation from what most people in my circle consider common sense. The one thing I'd still like to see is not everyone who goes on camera for a "spontaneous" message having spent the previous hour in the make-up room.

[@mannya_realtor]

This is a trend I can absolutely support! 👏🏾

[@enlat2003]

Renaming a concept that many of us from all the generations have been practicing forever doesn't make it a new concept or makes it unique to Gen Z. I'm Gen X and have been using this concept since the 80s, I would call is using common sense by living within your means. Is all about being disciplined, setting up a financial plan to achieve your goal... whether it is as small as buying groceries or as complicated as owning a home or investing. Numbers don't lie, if you bring home $2k a month and you spend $3k, no amount of miracles will ever balance that budget. Either get a 2nd or 3rd job to generate more than $3k just to break even and have some savings or adjust you living costs below your take home income. There are no shortcuts to financial freedom.

[@TheSimArchitect]

This behavior is toxic and default here in Europe. Employers start to assume it's ok to pay you much less because you just need to rent a room instead of an apartment and to cycle to work instead of paying for public transportation or car/parking. If you want to save do it quietly so you have an edge. Once you normalize low spending that becomes the new normal and incomes will surely reflect that there as they reflect that here. I don't see the Dutch retiring early because they're frugal, as employers pay much less here. Sorry.

[@wintermatherne2524]

You guys need to demand to be paid for what you produce, not what you need to survive. You are entitled to compensation for your labor. How elitist of them.

[@TheSimArchitect]

The problem is they don't. They just work less to have the bare minimum to survive. It's both parties fighting instead of collaborating. Without profit participation employees are much less motivated. Even worse with low wages, high taxes and too much job security. @@wintermatherne2524

[@MoneyIsNotEasy_]

When you tell someone about your goals (in this case - saving) - you become somewhat resposible for that goal. But at the same time - you create an illusion that you're doing something when you're really not (apart from talking about it) You should find what works for you!

[@motoryzen]

You can speak for yourself on that matter because when I State a goal I achieve it especially when it involves me building a savings.

[@MoneyIsNotEasy_]

@@motoryzen not speaking for anyone, just stating that there are multiple ways to approach a problem and what works for you might not work for everyone. Glad to hear you're doing well in this regard!

[@kristine7304]

Interesting that so many people believe that talking about your goals means you won't achieve them. What you're really saying is, "If I don't say anything to anyone about my goals, I won't feel guilty if I don't achieve them." Whether you achieve them or not is up to you, regardless of whether you tell anyone about it.

[@motoryzen]

@@kristine7304 well put and I couldn't agree more that's one of those things that I've been meaning to retort with but can never think to say at the Times

[@wintermatherne2524]

Better to direct talking energy to your goals and achieve them. Some well meaning people talk and Peter out and make fools of themselves for being big talkers. Better chance if you focus all your energy into doing not talking.

[@canny8228]

As an old curmudgeon (Gen X) I can appreciate how the young whippersnappers are discovering these truths. This is exactly the kind of mindset that gave me the financial freedom I enjoy now.

[@fivevs1]

instead of saying, I can’t afford it, which would be a lie I just say “it’s not in the budget “ that sends two signals to people. one is I don’t have the money for it. And two is I’m doing this thing called budgeting that might actually lead to follow on conversations about why do I budget, How do I budget and how is it worked for me.

[@Devo72]

Gen Z : how do I brag without looking like I’m bragging

[@kathyp1563]

Naw. It's a big deal to be with people who have a similar money mindset. 20-something is a very social age. It helps if they socialize with people who value a free-fun-time. And they buy way more than older people, since they are just setting up house, adding new hobbies, etc. Verbalizing their frugal-ness encourages others to be frugal.

[@ExiledStardust]

This. Financial responsibility is great, but I promise you, nobody else wants to listen to you brag and brag about how little you spent on this or that.

[@Rosaprep247]

Removing my card from Amazon has saved me sooo much money😑😮

[@Lunaspecter69420]

loud budgeting, you mean being financially responsible and you can use your money to manifest more money its called investing

[@adversHandle]

can some one clarify something for me if this is what gen z think loud budgeting is then what to they think budgeting is because this just sounds like a standard budget and living within your means whats new here ?

[@PriPicz]

I think it's just named that to show it is opposite from quiet luxury. Just a fun name for people to get behind good normal budgeting concepts

[@LordGreavous]

be careful not to throw your friends and family away because of fear of spending

[@GermanVelaFinance]

Great point! Loud budgeting shouldn't isolate you.

[@wintermatherne2524]

If they’re that shallow, good riddance. Good company is free.

[@vazjc]

So essentially a budget.

[@Kfox0963]

With lots and lots of verbal/social accountability :)

[@kevgret]

yeah.. people are bragging they are finally understanding the concept of life lol

[@66gtb]

Loud Budget tip - my wife needed some lotion on a road trip and we stopped at Buc-ee’s for gas and the restroom. I picked up one of their lotions and my wife (a lotion snob for thirty years) genuinely liked it. At $2.30, I stop every time I pass one and buy a few.

[@jwlove66]

I remember when I bought my new car, I was ashamed that I had taken a loan (paid it off in three months)..... what shocked me is how many people congratulated me on getting a new car (it was used). No regard to how it was funded. The false success model in America needs to cave against honesty.

[@paulstandaert5709]

I was ridiculed for wearing crappy clothes, driving garbage cans on wheels, using an old telephone, rummaging through dumpsters, living where the conveniences of life do not exist, etc. Now I am the one who could walk into the new car dealer, point to anything on the showroom floor and tell them to have it ready for me by noon in exchange for pockets full of cash. But decades of struggles with old piles of crap has caused me to not need a brand new car, so I don't have one.

[@VBoo459]

My fiancé taught me to spend smart and spend on quality (essentially quiet luxury), however we also practice loud budgeting. For me, every penny spent doing new and fun activities with my friends and catching up with them is money well spent. Never has to be expensive, even simply having them over.

[@markt4605]

This should be a required watch for all college age kids. Heck even the high schoolers should see this.

[@CreepahKillahRSA]

Repeatedly saying no to going out with friends is not free. It can cost you a friendship. There are costs other than money in this world.

[@neo_kitty]

Yeah. Saving is important, but I highly value the good times I am able to spend with friends and family. This includes going out sometimes.

[@wintermatherne2524]

Invite them to eat at your house. If they’re too good for that, screw em.

[@neo_kitty]

​@@wintermatherne2524 That's not really the point, at least for me. We do hang out at someone's house and cook together. But once in a while, we like to go to the movies and it feels like a mini vacation, i.e. something special. It is worth it to me and I happily spend a bit on that every few months or so. Fun fact: there are actually studies that support that money spent on experiences does make people happier than spending on material possessions.

[@mattdalton7]

Love this video!

[@SongBirdie92]

I'm budgeting through meal prepping and bringing lunch to work so I can redirect the money spent at the drive-thru to paying off my smallest debt!

[@ericboe7037]

As a person born between the boomers and the X'ers, I'll add a couple of thoughts. Always remember, you own your material things, they don't own you. Ask yourself, will this bring me $X worth of enjoyment, or is there something else that gives a better return for the money. Look at the range of options - for example, $46K (plus $13K in markups) for a Civic Type R, or $13K for a mint C4 Corvette that will trounce the Civic on the performance end. I applaud the recommendation to automate your savings. I followed that advice at the start of my career, and retired early at 55 with a net worth in the top 1%, all without any other special magic than just working hard and doing my best. Good luck out there.

[@wintermatherne2524]

Sensible.

[@ThoolooExpress]

One thing I did like about the "quiet luxury" trend was the idea of buying high-quality items you could use for a long time instead of cheap items you'd need to replace it a few months. Maybe there's a good middle ground, where you only buy what you actually need and / or you think will dramatically improve your life, but when you do decide to buy something, you get something that's good quality and won't end up in the trash in under a year. Cheap products cost you money, not just because they need to be replaced often, but because every time you replace them you're going back to the store and running the risk of impulse-buying something you don't need. My goal is to shop for basically anything that isn't groceries as rarely as possible. When I need clothes, I make a list of exactly which items I want to get ahead of time, but once I'm out shopping, I'm not afraid to shell out on those items if I think the value is there.

[@exclusivelymatt]

Exactly. Buy it right the first time and you won't need a second. Being cheap with some items is fine, but for something that is used routinely and often, buy something quality. It always pains me when talking to people who only see a $ sign, instead of looking at the actual value.

[@dt5622]

Going against the grain here but it depends on the item I think A samsung/iphone costs around $2,000 while a Xiaomi phone may cost

[@erin2535]

Loved this point, thx for making it 🎉

[@ThoolooExpress]

@@dt5622 Yes, it's definitely true, higher price does not always correlate with higher quality / durability. You have to be intentional, not just go up a price bracket everywhere. However, I will say that sometimes just spending a little more money is actually helpful. If the price of something hurts just a little, I'm going to be very certain that I actually need / want it before I buy it, and probably only buy exactly the items I originally intended to buy. If I let myself start start seriously looking at cheap junk, I'm likley to walk out of the store with way more items than I originally intended to get, and probably end up spending more money on the whole transaction than I would have on the one more expensive item (and also filling my apartment with even more junk that I don't have space for.)

[@GG-yb3gs]

Other tips for this mindset: create a rule for yourself that you don't buy something the first time you're considering buying it. If you forget about it, you didnt need it. If you come back to it a few times, consider realistically how much use this thing will get. Is it genuinely worth the money? Is there a cheaper option? Will its presence in your life be worth the environmental impact of it when it reaches the end of its life? Is it worth the physical space in your home and the mental energy of managing it as part of your inventory? It's quite easy not to impulse spend when you ask yourself these questions.

[@kasjune2465]

We retired early, house is paid off, eat and entertain at home, car is paid off, dont spend $ at the coffee store, snd enjoy spending extra $ on our hobbies....been " loud budgeting for years...also if we cant pay cash it waits....1 credit card used only for emergencies... 😅

[@elladociegodelfutbol8132]

Being vocal about your savings doesn’t always help with the people around you even family, because most people don’t understand what you’re doing. They think you’re just greedy and they shame you for saving money. At least that’s my experience and learning not to care about all of that while I have done, it is harder than what it seems.

[@wintermatherne2524]

I just turn the shame around. “You mean to tell me I should be ashamed for not being stupid? Go play!”.

[@lukvanleeuwen7603]

This just feels like the Dutch lifestyle. People here are always bragging about how cheap their things are. I always say: I don't have the money for that.". I do have money, just not for that.

[@sparkymularkey6970]

I'm so glad I learned how to tell my friends, "Sorry, it's out of my budget." Trip to New Orleans? Going out to dinner this weekend? Meeting up downtown for drinks? Sorry. Can't. It's out of my budget.

[@marke9817]

Great content and great presentation as usual, but “Spring Solstice”? 🤔

[@jordanthompson1418]

So, this is a midwest flex, lol. Anyone compliments anything 'new' you have (or they live 3 hours away and you haven't seen 'em in a while) the first thing you do is say, "Thanks! 50% off so and so plus I got this coupon." The best is when you can say it was free because you got it from your cousin and then fixed it up. The looks of terror you will get if you actually paid out a lot of money is comical. Never pay full price. Nothing is worth full price.

[@geministargazer9830]

I literally just posted about how my entire outfit was thrifted, including shoes, bag, and jewellery. I love a good thrift find

[@lindadorman2869]

I appreciate Gen Z (or any generation) being smart about money but honestly I prefer how my Depression-era parents handled it. My mother taught me never to ask how much people make, what they spent on an item or anything focusing on money. She said it was rude to judge people that way. If someone compliments my outfit, I just say I love the color or how comfortable it is, not what I spent on it.

[@pentrubarbati]

is it ok to talk about money i hate people that dont cant talk about money ...

[@bogella2225]

Companies love it when you allow the wage gaps by not discussing your pay

[@susiex6669]

I tell people how much I spend to stipulate how thrifty I am and kill the elitist mentality in our society. Yes, my ring is fake diamonds. Yes, I took the soda pop cans from the recycling at work and bought three 100% pure Canadian maple syrup cans for $3.00 each (regular price $12.00 each) at the grocery store. Yes, I do my own hair. Yes, I went online and bought shoe glue for $3.00 and a clamp and fixed my own sneaker. Yes, I only shop at the GAP once a year when its their after Christmas 50% off all sale items. Etc.. I dont like giving the impression that I spend lots of money when I really dont.

[@sourdoughsavant22]

I don't think it's about judging its about transparency and normalizing responsibility with money. The old generation raised idiot boomers who succeeded because of great timing and passed zero knowledge on to the next wave, and we don't have timing on our side. If people realize that they can have nice things buying secondhand or can learn how to fix and repair things and thats cool, then they won't feel pressured to spend just to stay relevant. Society should encourage healthy behavior and behavior that is good for the planet too. This is the way. (IYKYK)

[@Sgunner88]

Yea totally! Don't talk about money so you get generations have no clue how to harness their #1 wealth earning tool to become financially free. No. Just, no.

[@hollyloomer7667]

I'm totally for loud budgeting, but I also want to make sure people balance it out eventually in the future so you don't fall into poverty mentality and then you NEVER spend money. Ultra parsimoniousness is also NOT a flex and can be damaging. But during this season of high inflation, yeah, do it. Don't buy a damn thing, American's in general don't need anymore stuff.

[@gingermorgan7832]

Oh please! I have been doing this for over 20 years. About time you guys catch up.

[@WhatShallEyeDo4U]

Hey George, what's the instrumental that you are using?

[@lui__v]

Serious question. I meal prep, I budget, I have a decent sized collection of good bourbon that I enjoy so I find going out for drinks or to eat to be a waste of money. I will tell my friends I don’t want to spend the money. I’m trying to save and set myself up financially, where they in turn will say, it’s okay, we’ll pay for you. I don’t like it and I don’t know what to do. Sometimes it lures me out, but then I don’t like being paid for when I could afford something. Especially when I know they cannot afford to pay for me yet they insist they do. Then I pay for myself and spend the money I didn’t want to spend in the first place. How can I better handle these situations?

[@monikabennett]

Realize you're paying for the place to socialize in and do so happily

[@katiedolan14]

@@monikabennett Agreed! We always say we are paying for the experience and the service when we go out, whether that is to celebrate something ourselves or with friends. Also, @lui_v you could also suggest having dinners and drinks at someone's home instead of going out. My friends and I have done this a lot in the last few years and prefer it to a loud restaurant. We all bring things to contribute and enjoy it so much! Plus we get the benefit of our friend's cocktail hobby and smoked bbq. Can't beat that!

[@erin2535]

Seek out extra friendships with people who are actually going in the same direction as you

[@AnnAndNala]

Loving this! Loud budgeting, thank you for this. Gen Z is speaking to my soul.

[@boomergames8094]

I paid of my car. Starting saving for a newer one. Saved up enough for a nice newer car cash. Kept going, saved enough for a new-new one, not just new to me. Kept going, still saving. Old car is doing fine.

[@PVLocalFirst]

Thank you for the video, one thing I'd like to mention is how the words economy and ecology have the same Latin root word, eco, basically translating to home. To me, this shows that to have a healthy home, both our actual home and the the planet as well, we need solutions that are both economically AND environmentally intelligent. With this in mind, the Federal tax credit for Solar PV and solar hot water panels is 30%.

[@bellad1063]

Every dollar has a name! Never pay full price, always ask for a coupon or discount. Capsule closets are in, 4 pants, 5 tops, etc…

[@laundrygoddess4]

This trend is what I've been doing for over 30 years 🤷‍♀️

[@trinity6180]

Love hearing younger people finally getting it. We boomers learned this in the 70s and 80s during the last recession. So happy they are learning to take matters into their own hands and implementing.

[@geekroute]

oh man, never knew of loud budgeting (i'm old). seems i've already been doing it the last 40yrs!

[@aaaaaaaaaaaaaaa897]

My personal phrase is “I’m a poor person” in response to anything involving money.

[@Itspurple13]

I love when i find things i need for practically nothing. I've been this way my whole life. I've have my bills under 1k and will be able to reduce that by another 150-200 by the end of this year.

[@hollyhock.and.lavender]

I’ve been doing that since I moved out in 2014. “I like your coffee table” “Thanks! I found it in someone’s trash!” Though it CERTAINLY was not trendy at the time

[@BobTheTrueCactus]

In economics "saving" money isn't the same thing as in colloquial terms. If you buy on a special offer and get your thing for 7 bucks instead of 10, you didn't save 3 bucks, you consumed 7. Saving is only what you invest to be able to use it in the future.

[@boomergames8094]

Anytime you buy something on sale. Transfer the sales savings into your savings account, move to brokerage, and invest it. Then you actually saved it.

[@V8Brah]

But people with a lot of money who constantly complain how they can't afford something are really annoying. Trust me.

[@wintermatherne2524]

True but they don’t have to spend just because you find them annoying.

[@newspin2477]

Apparently I've been a "loud budgeter" for years. Everyone just calls me cheap though, lol. But while I might not go out to eat every time I'm invited... I have all the nice things in my home that I actually care about.

[@wintermatherne2524]

Bingo!

[@karlaseidel4873]

Another way to do it is "I don't choose to spend money on that." It shows you are deliberate about what you buy and attracts abundance through deliberate action.