March 30, 2018

21 guilty pleasures that are hurting your bank account

Doing It for the Insta

In a society saturated with social media, it’s easy to get caught up in the craze — but if you’re spending money on flashy clothes or visits to trendy places just to get “likes,” you might want to evaluate how you are spending your money.

Consider this your cautionary tale: Aspiring Instagram star Lissette Calveiro went $10,000 into debt in an attempt to become famous on the social media platform, The New York Post reported. Calveiro would regularly treat herself to $200 shopping sprees so she wouldn’t be seen wearing the same outfit in photos twice, and splurged on luxury items such as a $1,000 Louis Vuitton bag and a $700 round-trip ticket to Austin, Texas, to attend a Sia concert — all to impress her followers. But she didn’t have the means to keep up with her virtual lifestyle. “I was living a lie; debt was looming over my head,” she told the paper.

Instagram and Facebook can be a great place to share photos of your experiences with friends and family, but you shouldn’t throw your money away or go into debt creating a virtual facade.

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