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From dietary habits to recommended books, social media trends hold tremendous sway.
Especially when it comes to yourmoney.
TikTokand other social media platforms showcase glamorous lifestyles and spending habits which influence viewers to follow suit.
Keep reading for more reasons financial experts sayTikTok trends affect your money.
The bougie broke trend, for instance, showcases individuals who appear affluent but are financially strained.
This trend, he added, glamorizes luxury living without addressing the financial strain it imposes.
The constant chase for approval can result in mounting debt and a distorted sense of financial security.
Cash stuffing, while seemingly a return to traditional budgeting, can also be misleading.
The trend encourages people to withdraw cash and allocate it into envelopes for specific expenses.
While this method can promote discipline, Godur warned that it lacks the flexibility and security of digital banking.
Misplacing cash or underestimating expenses can quickly derail a budget, leading to unexpected financial shortfalls.
This can create a mismatch between financial goals and actions, potentially exacerbating financial stress, said Godur.
Shirshikov made similar observations.
However, it can also lead to privacy concerns and unrealistic comparisons.
This influence is most prevalent among younger audiences as they navigate financial independence.
Whilesocial media finance trendsmay be attention-grabbing, most certified financial planners would not recommend them, he said.
TikTok finance hacksare like crash diets: appealing but rarely effective, Blain added.
For real results, stick to the basics.
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