Could TikTok's 'Financial Cleanse' Help You Manage Your Money This Year?
If you're anything like us, you look to TikTok for advice on just about anything. While scrolling and watching the latest TikTok trends can be an entertaining way to kill time, the app can offer some genuinely helpful advice.
If you're looking for a book recommendation, #BookTok has taken over. There are hundreds of content creators recommending books for their followers to read. It's become a sensation, driving up book sales across the country (via NPR).
Beauty trends are huge on TikTok as well, guiding viewers through helpful and impressive makeup tips. While some tips might be unique — like the glazed donut nails made popular by Hailey Bieber — some can be applied to daily life, making things easier for those wanting to learn new trends (per The Cut).
TikTok advice has extended from books and beauty. Now, some financial advisers are using TikTok to help viewers budget better. Could the latest trend of a financial cleanse help your wallet in 2023?
TikTok's financial cleanse can help you learn financial literacy
TikTok creators are dipping their toes into the world of finance: although, some advice on the app is far from helpful. The issue tends to center around the idea that anyone can claim to be an expert and attempt to explain hard-to-understand things to those who are unaware of the concepts, to begin with (per Cnet).
However, TikTok's latest financial advice, the idea of a 'financial cleanse,' is making waves (via Glamour). User @bobeema made a video telling her followers to jumpstart their financial cleanse by making a list of recurring charges, such as Netflix and gym memberships, and canceling ones that aren't important to them any longer.
Other users are encouraging their followers to do a 30-day financial cleanse to work towards a savings goal. Ultimately, as the New York Post has reported, a financial cleanse through TikTok is teaching users how to budget responsibly. It can help kick off the new year with better financial habits. The goal is to teach users financial literacy.