Save Money
MONEY HACKS: Is FOMO Impacting Your Savings?
![](https://personalfinancedefined.com/wp-content/uploads/2023/02/AdobeStock_239813090.jpegkeepProtocol-scaled.jpeg)
Over the last several years, a new “condition” called FOMO, or the ‘fear of missing out,’ has struck people across the globe, young and old. The idea: we are afraid of missing out on an experience – something cool! So, instead of being prudent – we just do it, which often means spending instead of saving. For example, let’s say your friend invites you to a concert hundreds of miles away. While you really don’t have the money saved to take the trip, you do it anyway because you’re worried you’ll be left out. In this video, I talk about a recent article citing FOMO as a major disruption to our finances and my view on how you can resist overspending to enjoy more of your life. Also, here’s the initial article.
If you have a money question you’d like answered, don’t forget to email us! This series is made from calls and questions we get from employees, investors, savers, and people just planning for their future, so if you have a question, let us know!
Read the full article here
![](https://personalfinancedefined.com/wp-content/uploads/2023/02/pf-logo.png)
-
Investing6 days ago
Mark Zuckerberg Reveals the Future Meta AI, Tech Industry
-
Investing5 days ago
Floor & Decor Holdings stock slides after Spruce Point short report By Investing.com
-
Personal Finance4 days ago
Today's mortgage rates rise for 15- and 30-year terms | July 2, 2024
-
Passive Income4 days ago
What’s Former ‘Jeopardy!’ Host Mayim Bialik Up to Now?
-
Side Hustles6 days ago
A Buddy’s Franchise is Built for Success in a Recession Resistant Industry
-
Passive Income6 days ago
Warren Buffett Changes His Will, Gates Foundation Donations
-
Side Hustles6 days ago
The Key to Preparing Your Business for an Eventual Investment or Sale
-
Side Hustles4 days ago
Improve Your Vocabulary in Just 10 Minutes a Day With This App, Now $9.99