20% Of Divorce Linked To Facebook | Forward Progress

Are you wondering if your online activities are affecting your finances? It turns out that a surprising 20% of divorced couples cite social media as one of the reasons for their divorce. In this article, we'll explore the pitfalls to avoid and forward progress strategies in managing and handling money.

The relationship between social media and financial well-being is a growing concern among couples going through divorce. Research has shown that people who spend more time on social media are more likely to experience financial stress, including debt, bankruptcy, and even divorce. In fact, a study by Michael Kelley found that 20% of divorced couples cited Facebook as one of the reasons for their split.

Pitfalls to Avoid

Unrealistic Expectations: Comparing your life on social media to your ideal online persona can lead to disappointment and feelings of inadequacy.
Excessive Spending: Spending too much time scrolling through feeds and buying stuff online can lead to financial strain.
Social Comparison: Constantly comparing yourself to others on social media can negatively impact mental health and self-esteem.

Forward Progress Strategies

So, what can you do to avoid the pitfalls of money management in your own life? Here are some forward progress strategies to consider:

Set clear financial goals and track your progress.
Use budgeting apps and save regularly.
Practice mindful spending and avoid impulse purchases.
Prioritize needs over wants and live below your means.