Don't be so quick to take money advice from TikTok — here's why

From cash stuffing to loud budgeting, TikTok is chock-full of ways to build wealth — and more people are taking notice.

Financial TikTok, also known as #FinTok, is now one of the most popular sources for financial information, tips and advice, particularly among Generation Z.

With less access to professional advisors and a preference for obtaining information online, Gen Zers are more likely than any other generation to engage with finfluencer content on TikTok, YouTube and Instagram, according to a report by the CFA Institute.

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In fact, Gen Zers are nearly five times more likely than adults in their 40s or older to say they get financial advice — including stock tips — from social media, according to a separate CreditCards.com report.

But even the best advice can backfire. Here is what you should know before jumping on the latest money-saving trend.

"Loud budgeting," which encourages consumers to take control of their finances and vocalize making money-conscious choices over other activities, such as going out with friends, is one of the top trends of the year.

While scaling back on discretionary spending is key to better budgeting, limiting your social interactions also comes at a cost, according to Paul Hoffman, a data analyst at BestBrokers, who wrote a recent report on harmful FinTok trends. Before passing on a movie or dinner date, consider that turning down those invitations can "lead to frustration and emotional distress," he said.

There may be better ways to cut back, Hoffman advised, without sacrificing time with the people close to you. "It's important to