Social media has two sides–and it's affecting how we think about money. 1️⃣It's made it easier to get financial advice. 2️⃣It's also created a culture of comparison. One of the biggest dangers of social media is lifestyle inflation : Most people can't afford the lifestyles they're showing off on social media. We start buying things we don't need, and even worse, things we can't afford. And when we buy these things, we're not just wasting money - we're also accumulating debt‼️ Break the social media spending cycle: 1. Prioritize needs over wants 2. Pay off high-interest debt ASAP 3. Build a 3-6 month emergency fund 4. Invest 10%-20% of your income wisely Do you buy expensive things to: 👍Impress others ❤️Make myself happy 😂Keep up with friend circle 🙏Make parents proud