7 Ways Social Media Could Destroy Your Finances


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Social media can help you stay connected and up to date with what’s going on in the lives of your friends, former colleagues, family members and so on. It’s also a good way to stay in the loop and be informed about what makes the world go round these days.

But there’s one thing you should also know about social media. It is every advertiser’s dream! From Facebook to Instagram to Twitter, you will be bombarded with ads and messages to convince you to do one thing, and one thing only: spend your money!

Whether they are directly targeting you or randomly popping up at the corners of your screen, their main purpose is to make you buy. If at first they don’t succeed, you can be sure they will at some point, what with the number of times you are exposed to them on a daily basis. It’s only a matter of time before you reach for your wallet and buy God knows what, thinking “Where did this urge come from?”. Ads, that’s where.

See also: Is Facebook Listening to You? Find Out the Surprising Truth

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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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