'No one's posting receipts': How social media FOMO can land you in tens of thousands of debt, and three signs you are in trouble

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'No one's posting receipts': How social media FOMO can land you in tens of thousands of debt, and three signs you are in trouble
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Comparing your life to the images other people post on social media can lead to impulsive and reckless spending. In this article a

“When we’re scrolling, we’re being influenced.”

The endless assault of images can be triggering if you have a debt problem. If you can, Mander recommends removing yourself from social media to avoid the problem. She also suggests following more positive influences. One of the main problems facing individuals is that getting a quick fix is often easier than identifying the source of the problem. For many, this results in impulsive purchases and

“As soon as I had maxed out two credit cards and was struggling to pay the minimum balance on my cards each month, it was impossible to avoid thinking about debt,” said Davies.Article content You carry a consistent balance on your credit card, and are only paying off the minimum amount each month.

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