A lot of people use to consider finances to be a personal subject, but social media has changed that. It was recently stated online that Kylie Jenner’s net worth is almost a billion dollars. How much money you made use to be showcased by just the car you drove or the house you live in; however, that is not the case anymore. Being able to showcase your life on social media and have things to post about is the new way to showcase wealth—whether you have it or not.
I recently came across the expression FoMO, which is the fear of missing out. Instagram is no doubt a major trigger for FoMO. FoMO comes with an unrecognized stress around finances. Stress that if you’re a minor that doesn’t have a job, you may not fully understand.
There are different ways to combat FoMO:
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Following more inspirational blogs and accounts
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Talk about your finances with a professional
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Get serious about saving
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Talk to your therapist about your FoMO
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Take a social media cleanse
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Do things that make you happy
Rochelle Marecheau, MFT