How to Overcome FOMO to Save More

The fear of missing out (FOMO) is a very influential force, especially in today’s hyper-connected world. As you’re constantly bombarded with images of lifestyles, extravagant experiences, devices, and unnecessary splurging on social media, it’s easy to feel pressure to keep up.

However, this desire to emulate others can wreak immense havoc on your financial standing. Here are two key strategies to overcome FOMO and prioritize your savings:

Practice Gratitude and Focus on Your Goals

First, you should be thankful for what you have right now. The first step to overcoming FOMO is reframing your perspective. Instead of envying others’ experiences, cultivate an attitude of gratitude for what you already have. Practice mindfulness by acknowledging your blessings, big and small. Refocus your energy on your own financial goals. Visualize what you’re saving for, whether it’s a dream vacation, financial security, or a down payment on a house.

A clear vision will keep you motivated and focused on your long-term plans.

Curate Your Social Media Feeds and Embrace JOMO

Social media can be a breeding ground for FOMO. Take control of your online experience by curating your social media feeds. Unfollow accounts that constantly trigger feelings of inadequacy or pressure to spend. Instead, surround yourself with positive influences who inspire you financially or personally. Embrace the concept of JOMO (the joy of missing out), I bet you didn’t even know there was such a thing, eh?

Realize that not every experience you see online is worth sacrificing your financial goals. There’s freedom and satisfaction in prioritizing your savings and investing in your future.

Remember, the carefully curated glimpses of others’ lives on social media don’t portray the whole picture. Don’t lurk too much on that subreddit of the product you’re looking to get. Don’t compare your behind-the-scenes reality to someone else’s highlight reel. Take a look at your finances and ask yourself “will I be good with the dent I’ll be placing on my finances with the thing I want?” Focus on your finances and the security and freedom that comes with achieving your savings goals. By practicing gratitude, setting clear goals, and taking control of your social media experience, you can overcome FOMO and prioritize saving instead. (GFB)