FOMO FUELS OVERSPENDING The Expensive Side of ‘Yes’
We all know the feeling: A friend posts that dreamy beach photo, someone’s heading to a music festival, or you see the perfect brunch video pop up on your feed, and suddenly there’s this itch, “What did I miss out on?” That whisper has a name: FOMO, or the fear of missing out, and when it nudges you to open your wallet, it becomes FOMO spending. FOMO spending is when the urge to partake in experiences like concerts, travel, and social getaways overrides your financial boundaries. It’s not just about wanting “stuff”; it’s about wanting in. The problem is that those desires often come with a huge price tag. Studies suggest this isn’t just anecdotal. Empower’s research found that 51% of Americans admit they’ve made purchases or investments sparked
by FOMO, with many pointing to experiences like dining out and traveling. When social media becomes a nonstop highlight reel, we compare ourselves and our bank accounts to a filtered ideal. The stakes are real. The 2019 Modern Wealth Survey sponsored by Charles Schwab revealed that more than a third of Americans admit their spending is influenced by what friends are doing, often leading them to exceed their means. In an experimental study, researchers found that FOMO significantly increased the likelihood of impulse purchases even with budget constraints in place. That tells us FOMO isn't just temptation; it’s a powerful nudge against rational behavior. Experiences are powerful. They build memories, foster connections, and bring joy. But when every experience becomes “must-do,” the balance
breaks. You end up chasing the next event, trip, or spending spree, and your long-term goals take a back seat. You might skip saving, rack up credit card debt, or delay retirement goals all in pursuit of that next “memorable” moment. Here’s the catch: Living for the moment is fine until that moment’s price tag pushes your future out of reach. The challenge is to be intentional. Deciding where you should spend your energy (and money) gives you permission to skip the rest. The thrill of one impulsive decision fades fast; the peace of financial security lasts. If FOMO is the voice telling you to just go for it, try asking yourself: Will I thank myself in five years for this? Strike a balance between living fully today and protecting tomorrow. That’s how you stop FOMO from bankrupting your joy.
Don’t Let Winter Put You Out of Work
WINTER WORK DOESN’T HAVE TO MEAN WINTER INJURIES
How to Protect Yourself Winter injuries can often be prevented with simple, proactive steps:
It’s no surprise that when snow falls and temperatures plummet, workplace injuries spike. Slippery sidewalks, icy steps, heavy winter gear, and shorter daylight hours all create hazards that employers and employees can’t afford to ignore. Delivery drivers, warehouse staff, and outdoor workers face the highest risks, and winter’s chill can turn even routine tasks into dangerous situations. While winter brings a rise in workers’ compensation claims, many of these accidents are preventable with the right precautions. The Most Common Winter Injuries From November to March, injuries from slips, trips, and falls increase significantly. Employees can get seriously hurt when navigating icy parking lots, entryways, or loading docks. Additionally, snow and slush make moving heavy packages or equipment far more hazardous, and for those on the roads, and icy pavement can increase the likelihood of accidents. For outdoor workers, cold stress illnesses like frostbite, hypothermia, and trench foot can lead to serious medical issues or long- term disability if left untreated.
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Keep walkways and parking lots clear of ice and snow, and apply salt or ice melt regularly. Wear proper footwear with slip-resistant soles to reduce falls. Dress in layers to stay warm while maintaining mobility, including moisture- wicking inner layers. Stretch and warm up before starting your shift, especially when working outdoors or lifting heavy objects. Follow safe driving practices for icy or snowy roads, including planning routes ahead of storms. Post caution signs near slippery areas and maintain dry, safe entryways inside buildings.
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What to Do if You’re Injured If an accident occurs, take action immediately. Report the injury to your supervisor, seek medical attention, and document the incident with photos and witness statements. Filing a workers’ compensation claim promptly is paramount, and an experienced attorney can help if your claim is disputed or delayed. If you’ve been injured on the job this season, our team at Monast Law Office is ready to guide you through the workers’ compensation process and make sure you get the support you deserve.
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2 monastlaw.com
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