Loud budgeting is a financial strategy that emphasizes open, transparent, and collaborative budget planning and management within an organization. Unlike traditional budgeting processes, which may be conducted behind closed doors and involve only a select group of individuals, loud budgeting encourages the involvement of a broader range of stakeholders, including employees, managers, and sometimes even external parties like customers or community members.
Key features of loud budgeting include:

1. Transparency: All budget-related information, such as income, expenses, and financial goals, is openly shared with all stakeholders.
2. Collaboration: Decision-making is a collective process, with input and feedback sought from various levels within the organization.
3. Accountability: By making the budgeting process visible to everyone, there is greater accountability for decisions and outcomes.
4. Engagement: Engaging a wide range of participants helps to ensure that the budget reflects the diverse needs and perspectives within the organization.
   Loud budgeting aims to create a more inclusive and participatory approach to financial management, fostering a sense of ownership and commitment to the organization’s financial goals.

By Edima Columbus