Is Social Media making saving and budgeting trendy?
The word BUDGET is not usually associated with positivity or fun! A budget is often considered private and in the past may not have been discussed out of privacy, embarrassment or it could be confronting to think ‘where has my money gone!’
Social media is rapidly changing the way some people look at budgeting and are making saving money and budgeting fun with the use of photos and carefully selected hashtags to encourage others to follow along.
Blogs, Facebook and Instagram in particular have an entire community of like-minded individuals sharing their journey, celebrating their financial wins and also any hiccups along the way with overwhelming support. Other users can follow along and although it is a public platform, users can still remain anonymous if desired.
In an economy where credit is so easily accessible, it is inspiring to see people sharing their journey to overcome debt or save for a house deposit and motivating others and the different methods they use to achieve this.
One user shared their Instagram experience:
“I started an Instagram page and got a very warm welcome. It’s given us the support and motivation that we were lacking previously. You can login and talk about your financial situation as if you are sitting around with your closest girlfriends”
And another stated:
For the last few months I’ve shared the breakdown of our monthly budget, what we buy each week to eat, as well as what we pay each month towards our debt. I don’t share these because I want to boast. Goodness knows that’s not the answer. I share these because it is a way for me to keep track of our finances, both savings and spending, as well as seeing what accomplishments we made over the course of the year. I share these so that you’re able to see a real-life example of how one family is working with what they’ve got to reach a goal. But at the heart of my blogging is a simple way for me to track the ways I’ve saved and show how we’re getting out of debt.
Have a look online for yourself! You might even wish to log on and start your own #debtfree journey!
Tahnee Hrelja | Client Liaison Officer | The Money Edge | Bundaberg