Friending to Spending Each Platform’s Influence On Your Wallet is Different
How you use different social media platforms affects your spending, but not only in the ways you may expect. It boils down to how they make you feel, because feeling terrific means spending to keep that feeling, and feeling down means spending to shake that feeling.
If you use Twitter or Reddit to catch up on current events or news-worthy items, you may be neither overly happy nor overly down. Using Facebook to chat with friends or to reach out to a company for customer service, or Instagram to see what others are up to, can make you feel pretty good about yourself which, in turn, can spur spending. The underlying mindset with Pinterest is feeling positive, even planning more projects that you can reasonably take on, and the reality is that gathering supplies is motivation to spend.
Home Improvements to Save Money That You Can Do in One Weekend
Think about your go-to platforms for information, connection, and shopping to determine how they make you feel and influence your spending. It can even help to track your social media use, kind of like tracking your spending, to identify your habits. This will give you insight into how much social media is causing you to spend. But resist the urge to give it up entirely. That’s a drastic step in this day and age, and one that would cause you to miss out on the good parts too.
If you want to decrease how much time you spend consuming social media, consider making your choices specific to certain platforms. Then schedule blocks of time for yourself, e.g. 15-minutes, to check your social channels at set times throughout the day. Unfollow anyone who isn’t in line with your goals or who isn’t enriching your life in any way. Log out of accounts on your phone, logging in only during set times. Focus on living in the moment and appreciating real life as it happens.
4 Money Management Tips We Can Learn from Social Media Trends