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Read the following passage about the The Rise of Loud Budgeting: A New Financial Transparency Movement and mark the letter A, B, C or D on y...

Đề bài

Read the following passage about the The Rise of Loud Budgeting: A New Financial Transparency Movement and mark the letter A, B, C or D on your answer sheet to indicate the best answer to each of the following questions from 31 to 40.

In recent years, social media has changed how people handle their money through a trend called "loud budgeting." The idea became popular after influencers started sharing their financial journeys online. [I] This approach means openly talking about financial goals, spending limits, and money problems on platforms like TikTok. Unlike older generations who kept money matters private, today's young adults are breaking the mold by discussing their budgets publicly. Instead of trying to keep up with the Joneses through overspending, these people proudly share their financial limits and saving plans with their online friends.

The open nature of loud budgeting brings many benefits for those who try it. Making public promises creates ways to stay responsible that help people stick to their money goals. When someone tells others about their savings target online, they feel they must achieve it. Also, this openness removes the mystery around managing personal finances. [II] Community members share useful tips, celebrate successes together, and offer emotional support during hard times. The shared knowledge from these exchanges makes budgeting less scary and easier for beginners to understand.

However, sharing financial information online has real risks that users should think about carefully. Too much sharing might lead to scrutiny, unwanted advice, or safety problems. Some people may feel more worried when their money troubles become public. [III] Privacy issues also appear when detailed financial information stays on the internet forever. Critics say this trend could cause showing off, where people care more about getting likes than actually improving their finances.

Despite these problems, loud budgeting shows an important change in how people talk about money. This movement reveals younger generations' wish for real connections and shared support when dealing with money stress. By making conversations about financial struggles and wins normal, loud budgeting helps reduce money shame while creating helpful communities. [IV] As this trend grows, it might completely change how society thinks about personal finance learning and helping each other with money matters.

https://primaryfinances.com/al

Question 31: The phrase “keep up with the Joneses” in paragraph 1 has the closest meaning to _________.

A. save up for                                B. cut back on                                C. show off to                                D. get by with

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