(InvestigateTV) - "Moneymaxxing" is a viral social media trend focused on making the most out of every dollar already being earned.

Clay Cooper, a wealth management advisor with Northwestern Mutual, said the concept covers things like moving money to a higher-yield savings account, maximizing credit card rewards or cutting unused recurring subscriptions.

Cooper said the trend is essentially a positive spin on traditional financial planning, and it starts with a thorough budget review.