Summary
The article explains how social pressure and FOMO are driving many people, especially Gen Z, to overspend and derail their budgets. Constant invitations, outings, events, and trips can push people to say yes before checking their finances, often leading to stress and depleted savings. New data show social pressure, more than unclear goals, is a major culprit in bad spending. Financial experts urge readers to create a dedicated social budget, plan, consider cheaper alternatives, avoid impulsive commitments, and communicate their financial boundaries to friends. These strategies help protect long-term goals without sacrificing social life.
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