Millennials tend to see vacations though the lens of an Instagram filter. (Unsplash

Millennial Money: Don’t let Instagram envy get you into debt

A full 48 per cent of U.S. households have credit card debt

When was the last time scrolling through Instagram made you feel better?

If you’re like me, the puppy photos on your feed momentarily boost your mood, but the parade of carefully selected and artfully edited experiences leaves you feeling depleted. How can these people afford to travel to New Zealand? When will it be your turn to road trip along the Pacific Coast Highway, drinking wine on sunlit rooftops along the way?

You know by now that social media leaves out the fender benders, arguments and weather mishaps essential to any vacation. You can add financial faux pas to that list.

A full 48 per cent of U.S. households have credit card debt, according to a recent NerdWallet analysis. The average household with debt carries $6,929 in balances from month to month, which means paying about $1,141 in interest per year.

READ MORE: British Columbians still getting deeper in debt

You can’t really know how much money your friends have. But it’s safe to say that at least some of them may not be able to afford the trips that make you feel inferior without going into credit card debt. Here’s how to keep Instagram from bullying you into overspending.

FIND THE SOURCE OF YOUR FOMO

If a friend’s vacation photo really got under your skin, explore why. The destination or trip itself may not be the source of that FOMO, or fear of missing out. Has it been a while since you’ve taken time off work, and you’re resentful of how relaxed this person seems? Are you jealous of how close they appear to their partner or friends?

There could be ways to ease your anxiety for free, without vacationing at all. Consider scheduling a mental health day and going to a local museum on a day with free or reduced-price admission to get your mind off work. Round up friends interested in starting a book club or hiking group that meets monthly so you can feel part of a community.

VACATION FOR CHEAP

If travelling is what you crave, plan a debt-free vacation by estimating how much you’ll spend on transportation, lodging, meals and activities and saving that amount in advance. Some online savings accounts let you create sub-accounts for specific purposes, so setting aside money each month for travel means you save passively over time.

But if you haven’t been saving and need a getaway stat, stay flexible on dates and locations and use price-tracking apps to find hotel and flight deals. Consider staying local and taking a short road trip to an attraction in your area you’ve never been to. Split an Airbnb nearby with a group of friends and spend a weekend doing activities that don’t involve screens, like playing cards, exploring nature and making art.

READ MORE: Social media, digital photography allow millennials to flock to birdwatching

Credit cards aren’t always the enemy; with a good credit score and a commitment to paying off your balance each month, you can get a rewards card that lets you earn points or cash back that will subsidize future trips. Be realistic about your ability to spend responsibly and avoid carrying a balance, though. The interest you could end up paying, and the anxiety that comes with ballooning credit card debt, can quickly erode any post-vacation glow.

CUT BACK ON SCROLLING

There’s another, potentially nuclear-sounding option to prevent social media-influenced spending: Don’t look at Instagram at all.

You don’t have to go cold turkey. You can continue to post your own photos or communicate with friends via direct message, but rein in mindlessly perusing other people’s feeds. Start by setting a goal to wait until noon to open the app, or choosing two specific times of day to check it. Like any behaviour you’re trying to change, it will be hard at first, but you’ll likely be surprised by how little you miss the app. Fill the time you get back with activities you enjoy.

The ideal outcome? Making plans and choosing travel experiences based on what makes you happy, not on a highly filtered version of someone else’s life.

_____________________________________

This column was provided to The Associated Press by the personal finance website NerdWallet. Brianna McGurran is a writer at NerdWallet. Email: bmcgurran@nerdwallet.com. Twitter: @briannamcscribe.

Brianna McGurran, The Associated Press


Like us on Facebook and follow us on Twitter.


Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Sam Liu, an assistant professor of kinesiology at UVic, has found extroverts, particularly people who are very active and social, are experiencing higher levels of distress throughout the pandemic. (Provided by UVic Photo Services)
University of Victoria study finds extroverts experiencing higher stress levels during pandemic

Degree of extroversion influences individual perception of stress during the pandemic

The 1946 building in Sooke known as the Tin Grotto, located at 2076 Otter Point Rd, is set to be demolished. Council awarded the demolition contract to Maple Ridge-based T&T Demolition. (Aaron Guillen - Sooke News Mirror)
Sooke approves demolition for dilapidated downtown building

‘Tin Grotto’ to be reduced to rubble in weeks

Police continue to investigate a break-and-enter in this Sidney jewelry store in the 2500-block of Beacon Avenue. (Wolf Depner/News Staff)
Thieves hit Sidney jewelry store

Sidney/North Saanich RCMP says incident is not part of a larger trend

This house in the 600-block of Linden Avenue in Fairfield has a Día de Muertos theme for 2020. (Travis Paterson/News Staff)
PHOTOS: Haunted Oak Bay

Residents spookify houses

Norm Scott, president of Royal Canadian Legion Branch #91, said plans for a new building will ensure long-term sustainability. (Black Press Media file photo)
Plans for new Legion in Langford include low-cost housing for seniors

Project could be before council in early 2021

Provincial health officer Dr. Bonnie Henry arrives for briefing on the COVID-19 situation, B.C. legislature, Oct. 26, 2020 (B.C. government)
B.C. records 217 more COVID-19 cases, mask use urged

Infection spike continues, 21 senior facilities affected

The duffel bags were found to contain 84 pounds of cocaine, valued at approximately $1.2 million and 198 pounds of methamphetamine, valued at approximately $960,000. Photo courtesy U.S. Customs and Border Protection.
2 men accused of fleeing border agents near U.S.-B.C. border with $2M in drugs

Cocaine and methamphetamine seized by U.S. law enforcement in remote Idaho area near Canadian border

Pixabay photo
‘Horrific’ abuse of volunteers, staff by parents must stop: Chilliwack soccer club

Parents have become abusive after being told COVID-19 rules, email says

FILE – The Queen of Alberni ferry leaves the Tsawwassen Ferry Terminal in Delta bound for Vancouver Island, Sunday, July 29, 2007. (CP PHOTO/Richard Lam) CANADA
Mechanical failure leaves nearly 200 passengers stranded on BC Ferries ship for hours

A tug arrived after dark to safely nudge the vessel into a berth so travellers could finally disembark

Ridge Meadows RCMP (Black Press)
Maple Ridge X-ray tech convicted of sexual assault dating back 30 years

Allen James Brooks is expected to be sentenced in January 2021

BC Liberal Leader Andrew Wilkinson leaves the stage after announcing he is stepping down as party leader, during a news conference in Burnaby, B.C., on Monday, October 26, 2020. THE CANADIAN PRESS/Darryl Dyck
Too rural, not enough diversity, soul searching needed, say BC Liberals

Elections BC says there are about 600,000 mail-in and absentee ballots across the province still to count

Prime Minister Justin Trudeau makes his way to provide an update on the COVID pandemic in Ottawa on Tuesday, Oct. 27, 2020. Canada has reached a grim milestone in the COVID-19 pandemic, surpassing 10,000 novel coronavirus deaths. THE CANADIAN PRESS/Sean Kilpatrick
Alberta COVID deaths pushes Canada past milestone of 10,000 deaths

Canada crossed the threshold of 5,000 deaths on May 12, a little over two months after the first was reported

An elderly woman wearing a face mask to curb the spread of COVID-19 walks past an advertisement for a television series in Vancouver, B.C., Sunday, Aug. 30, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. has been under a COVID-19 state of emergency for more than half the year

Province has been under a state of emergency for 32 weeks – and counting

Los Angeles Dodgers celebrate after defeating the Tampa Bay Rays 3-1 to win the baseball World Series in Game 6 Tuesday, Oct. 27, 2020, in Arlington, Texas. (AP Photo/David J. Phillip)
L.A. Dodgers beat Rays 3-1 to win 1st World Series title since 1988

National League champs claim crown in six games

Most Read