Take accountability
If you can’t seem to stop chaotic spending on your own, discuss the issue with your partner, family, trusted friend or even a financial advisor. Any one of them can help you stay on track and get those not-so-great ideas out of your head.
Taking accountability and admitting that you give in to impulse purchases way too often will eventually prevent you from making any more mistakes like buying an RV when you can barely afford to pay for your monthly mortgage rates.
Speaking of purchases, here are 11 Purchases You Should Never Make with a Credit Card!
1 thought on “7 Ways Social Media Could Destroy Your Finances”
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.