Dr. Xiaomin Guo, Doctoral Lecturer of Finance in CSI’s Chazanoff School of Business, recently published a piece on loud budgeting in WalletHub. According to Dr. Guo, “Loud budgeting is a new trend in financial planning that vocalizes your financial goals instead of quietly focusing on managing your income and expenditure. With loud budgeting, you examine your social activities and eliminate those that do not fit into your budget. You go one step further to tell people involved about your decision and why you need to turn them down.”
Dr. Guo examines various aspects of loud budgeting, including whether it’s an effective strategy, possible drawbacks, tips on balancing loud budgeting with a person’s social life, and whether this trend will last.
Read more in WalletHub.
By Editor
