If you feel overwhelmed by any of these social media antics and want to save your finances from taking a hit, here are some things that could help you do just that.
Set clear financial goals
Having a financial plan can simplify things a lot. For one, it would make it more difficult for you to give in to the urges of spending money, not when you have a new car to buy or mortgage to pay off. If you are constantly working towards achieving your goals, you will think twice before spending money on things you don’t really need, all for social media glory.
When you’re on a budget, you know what each dollar is for and it is definitely not for chaotic spending.
On that note, check out these 17 Things Frugal People Never Spend Their Money On.
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.