If you find yourself spending a lot of time looking at your friends’ adventures on Facebook, Instagram, and Snapchat, then try not to let the green eyed monster affect your bank balance.
This new era of instant gratification may be fun, but the long-term financial consequences are not so exciting.
Friends and family consistently post pictures of their new homes, fancy cars, and holidays abroad, while you sit in your rented apartment wondering where you can make changes in your life.
Life starts to feel a little unfair and you start to wonder if you’d be happier in someone else’s “nicer” shoes. They say a picture paints a 1000 words, but don’t allow yourself to spend a €1000 to upload that picture on social media.
Trying to “keep up with the Joneses” can cause major financial stress. However, we have listed 3 tips to curtail your impulse purchases:
I think we often forget that social media shows a snippet of someone’s day, but behind those heavily edited/filtered shots could be a completely different story. We need to look at the bigger picture in life, instead of the one’s we see on our phone’s and our laptops. For example, a lot of these Instagram stars get paid very well to sell the latest products, and holidays to the public. They paint a very inviting picture, full of smiles and intrigue. Fortunately for them, they do not have to fork out a hefty fee to acquire the item. Sometimes we need to help ourselves by cutting out the source of our envy. So, if that means unfollowing some beauty bloggers on social media, then so be it. Your finances will thank you for it later.
Each time we see an acquaintance celebrating their new home or a new milestone, we start to worry about the stage we are at in our own lives. It is important to realise that there is no standard timeline of what you “should” or “should not” be doing by any given age. Every individual has a timeline that is unique to them. It is so easy to get caught up in the mindset of what people think is the norm for adults in their 30’s, 40’s and 50’s. But everyone has different goals and values. Once you focus on your life and what financial goals are appropriate for you, the rest will fall into place naturally.
Request a Callback today and let us help you make a realistic savings plan for your future.