🧠 Brain Hacks: 5 money psychology tips for 2024
Australian Finance Podcast
**Social media and connection **
The rise of 'revenge travel' post-COVID has led to overspending, driven partly by the fear of missing out fueled by social media. The availability, confirmation, and conformity biases on social media create the illusion that everyone is traveling extensively, influencing others to overspend to meet unrealistic expectations. It is crucial to maintain a realistic budget and not fall into the trap of overspending to match the perceived experiences showcased on social media.
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