Market Performance: January 10, 2024.

The S&P 500 trimmed an earlier decline Tuesday, boosted by tech shares, but still ended the day with modest losses. The broad market index closed lower by 0.15% to end at 4,756.50. At its lows of the day, the benchmark had dropped 0.7%.

The Dow Jones Industrial Average lost 157.85 points, or 0.42%, to close at 37,525.16 after being down by roughly 310 points at the session lows. The Nasdaq Composite recovered from a nearly 0.9% slide and eked out a gain of 0.09%, settling at 14,857.71.

Nvidia traded 1.7% higher, reaching a fresh all-time high. Amazon was also up more than 1.5% along with Alphabet . Shares of Juniper Networks also popped almost 22% on Tuesday after a report in The Wall Street Journal said Hewlett Packard Enterprise could announce a deal to acquire the networking hardware company for about $13 billion as soon as this week.

When Saving Money Can Cost You Money

Reducing financial waste is a top goal for many people, especially as the cost of living escalates.

According to a PwC report, consumers drastically adjusted their spending behaviors in 2023, with 53% saying they were holding back on nonessential spending and 15% indicating that they stopped nonessential spending completely. Additionally, a 2023 Experian study found that 66% said they're actively looking for ways to trim expenses from their monthly budget.

Buying or Keeping a Clunker: It can be tempting to purchase the cheapest old possible or keep the one you have that is falling apart. It's often not a financially prudent idea, though, Jason Cherubini, an executive-in-residence at Loyola University Maryland's Department of Finance, said in an email.

Overbuying in Bulk: Purchasing items you need and will use in bulk can be financially beneficial, but be careful to check the cost per weight. For example, at Costco you might buy a 24-pack of chicken breasts for $139.99, which is $12.73 per pound, but a six-pack of similar chicken breasts at Safeway costs $23.96, which is $5.99 per pound.

Clearly there's a desire to pare down, but can the process of saving money also cost consumers money? In some circumstances, yes. Read on to find out how.

The Internet Has Spoken: "Loud Budgeting" Is Now In And "Quiet Luxury" Is Officially Out

It's 2024, and according to TikTok, quiet luxury is out and something called "loud budgeting" is now officially in.

It all started with TikToker Lukas Battle's (@lukasbattle) video highlighting his 2024 ins and outs. In the video, which has been viewed over a million times, Lukas proclaims, "Out: quiet luxury. In: loud budgeting. Sorry, can't go out to dinner. I've got $7 a day to live on."

And people in the comments had such a strong response to his pithy prediction that Lukas made a second video (also viewed over a million times so far) digging deep into the concept of loud budgeting.

In the follow-up video, Lukas explains, "Loud budgeting is a new concept I'm introducing for 2024. It's the opposite of quiet luxury. But if you know any rich people, you know that they hate spending money so it's almost more chic, more stylish, more of a flex."

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