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The trend that is ‘loud budgeting’ | Money news, personal finance [Video]

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A financial expert discusses how telling people close to you about your financial goals helps with accountability.

CHARLOTTE, N.C. — One way people deal with rising costs is to spend less. It sounds easy, but it can be hard at times.

“It’s called ‘loud budgeting’ because now you’re expressing your goals to other people,” Henry said.

The financial expert said the idea behind that is twofold. The first is to hold yourself more accountable.

But others can help you as well.

WCNC Charlotte is always asking “where’s the money?” If you need help, reach out to WCNC Charlotte by emailing money@wcnc.com.

“When they ask you, ‘Hey, let’s go out to dinner this weekend’, you’re not being rude to say no. They already know you’re trying to control your budget,” Henry said. “So they don’t think you’re being rude by not wanting to go out with them. They understand, ‘Oh, and that’s why you’re doing [it]. You’re trying to …

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