Gaming
Online gaming, particularly on social media sites, is a sure way to go bankrupt. You might not be doing it, but that does not stop your kids or grandkids from using your credit cards to pay for ‘rewards’ or buy their way to ‘higher levels’.
For example, a kid in the U.K used his mother’s credit card to spend over $1,400 for Farmville. Talk about spending your money on nails and bricks!
But children are not the only ones to fall prey to online gaming. Adults can also take their “passion” for social media gaming to absurd levels, spending impressive amounts of money to have the biggest crops and largest farm in Farmville.
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.