Get Started With Loud Budgeting: A Step-By-Step Guide For Financial Newbies

Get started with loud budgeting

Getting better at this financial game is a journey that requires the right strategies. One such strategy that has gained attention for its unique advantages is *drum rolls*

Loud budgeting.

Previously, we’ve discussed what loud budgeting is and the benefits it offers. Now, let’s move on to the practical part – how to get started with loud budgeting. Here’s a simple, step-by-step guide to help you begin your loud budgeting journey.

Step 1: Understand and Embrace Loud Budgeting
Before you start, make sure you fully understand what loud budgeting involves and its purpose. Remember, it’s about sharing your spending with others to keep yourself accountable. It’s not about feeling guilty or judged for your spending habits.

Step 2: Determine Your Accountability Circle
Choose who you want to share your budget with. This could be a trusted friend, family member, or a like-minded group focusing on financial health. Whomever you choose, ensure that they understand the purpose and are supportive of your financial goals.

Step 3: Set Up Your Budgeting Tool
There are many apps available that can help you with loud budgeting. Apps like Mint, YNAB (You Need A Budget) or Goodbudget can be great tools. You can also use a simple spreadsheet. The key is to find a method that allows you to easily share your spending with your chosen accountability circle.

Step 4: Begin Recording Your Expenses
Now you’re all set to start with your loud budgeting! Make a habit to record every expenditure, no matter how small. This includes everything from your monthly rent or mortgage payment to that midday snack you bought on a whim.

Step 5: Share and Review Regularly
Finally, share your spending with your accountability circle regularly. It could be weekly or monthly, depending on what works for you. Take the time to review your spending, learn from them, and make adjustments as necessary.

Common Mistakes to Avoid

Starting with loud budgeting is exciting, but there are some common errors to watch out for:

1. Sharing with the Wrong People: Remember, your accountability circle should be supportive and non-judgmental. Choose wisely who you share your budget with to avoid unnecessary stress or negative feedback.
2. Not Being Consistent: Consistency is key, as with anything in this life, in loud budgeting. Make sure you’re recording all of your expenses, and sharing and reviewing them regularly.
3. Fearing Judgement: One of the biggest hurdles to loud budgeting is the anxiety about judgement. Remember, the goal here is not to judge or be judged but to improve your financial habits.

4. Setting clear boundaries for yourself and your friends: You may be drawn into certain scenarious that might tempt you to overlook your budget. This slippery slope is one you need to be aware of. Setting clear boundaries for yourself and your circle ensures that you can resist the temptation comes up. 

Getting started with loud budgeting might seem a little daunting, but it isn’t all that complicated. By following these steps, you’ll soon find yourself on the path to better financial accountability and improved saving habits. Remember, loud budgeting isn’t about scrutiny; it’s about self-improvement and taking control of your financial well-being. So, go ahead and speak your budget out loud!