7 Ways Social Media Could Destroy Your Finances


Be intentional

When you premeditate your spending, excluding unexpected expenses, you are one step closer to achieving financial success. Why? Because your attention is directed towards your financial goals not on the fear of missing out which drives many people to financial ruin.

By knowing what you want to do with your money, you will be able to focus on completing those tasks instead of opening a new credit line to go on a vacation to Italy, to compete with your neighbors’ photos on Instagram.

Read also: 12 Items With “Hidden Costs” You Should Stop Buying in 2021

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1 thought on “7 Ways Social Media Could Destroy Your Finances”

  1. You omitted part of the ’employment’ risk of social media. Some organizations have policies – which are legally enforceable – stating that social media posts by employees can be grounds for dismissal. This could be for a number of reasons, such as sharing confidential company information or even just ripping the place up online. Like “I work at the ABC Medical Hospital and let me tell you they do not care about the patients. The hospital president is only concerned with making a lot of money and the doctors are terrible.” Kiss that job goodbye, and hope your NEXT employer doesn’t find out why you’re not with your previous employer anymore.


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