As evidenced by warnings to avoid keeping up with the Joneses, the fear of missing out, or FOMO as it is known today, has long posed a threat to finances. With the advent of social media, however, FOMO has become more prevalent – and people are financially overextending themselves more than ever before as a result. You can protect yourself and your finances from this phenomenon by becoming aware of the problem and taking smart steps to halt the urge to indulge in this fear.
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