Get started
Get the app

Join millions of investors on Stash

Investing, simplified

Start today with as little as $5
Get the app
Teach Me

Five Tips to Stop Shopping on Social Media

November 25, 2019

2 min read

Instagram has become a minefield of ads and influencers selling products that you didn’t even know you needed.

And social media has made online shopping even easier than it already was. Instagram, Facebook, Snapchat, Pinterest, and now TikTok, have integrated shopping links into ads and posts in an attempt to build their e-commerce business—and to get you to spend.

If you’ve ever purchased something from an Instagram ad, you’re not alone. In fact, 57% of millennials have spent money they hadn’t planned to spend based on something they saw on social media, according to a 2018 study from Allianz Life Insurance. Shopping online also lessens the “pain of paying,” because it can all seem so easy to buy something these days, often without even taking out your credit card.

Jargon Hack

What is impulse spending?

Impulse Spending

An unplanned decision to buy something on the spot.

Find out

With the temptation to add that virtual shirt to your cart higher than ever, here are five ways to curb your appetite for “social spending.”

Consideration: It’s okay to splurge once in a while. You can work an occasional Instagram purchase into the discretionary spending part of your budget. Having an actual dollar that you designate for splurges can help.

Of course, the best way to put a stop to social media spending is to delete all of your social media accounts. But if that sounds impossible, consider putting on some of the speed brakes we’ve just discussed.

Make saving and investing a habit.

Go automatic with Auto-Stash.

Start now

Make saving and investing a habit.

Go automatic with Auto-Stash.

Start now

Make saving and investing a habit.

Go automatic with Auto-Stash.

Start now

By Claire Grant
Claire is a content writer for Stash.

Investment Profile

Legal Cannabis Industry

Get all the details on investing in marijuana and the cannabis industry legally.

Learn more
Explore more articlesChoose a topic to learn more about
pop culture love and money Technology social media budgeting

This material has been distributed for informational and educational purposes only, represents an assessment of the market environment as of the date of publication, is subject to change without notice, and is not intended as investment, legal, accounting, or tax advice or opinion. Stash assumes no obligation to provide notifications of changes in any factors that could affect the information provided. This information should not be relied upon by the reader as research or investment advice regarding any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

Furthermore, the information presented does not take into consideration commissions, tax implications, or other transactional costs, which may significantly affect the economic consequences of a given strategy or investment decision. This information is not intended as a recommendation to invest in any particular asset class or strategy or as a promise of future performance. There is no guarantee that any investment strategy will work under all market conditions or is suitable for all investors. Each investor should evaluate their ability to invest long term, especially during periods of downturn in the market. Investors should not substitute these materials for professional services, and should seek advice from an independent advisor before acting on any information presented. Before investing, please carefully consider your willingness to take on risk and your financial ability to afford investment losses when deciding how much individual security exposure to have in your investment portfolio.

Past performance does not guarantee future results. There is a potential for loss as well as gain in investing. Stash does not represent in any manner that the circumstances described herein will result in any particular outcome. While the data and analysis Stash uses from third party sources is believed to be reliable, Stash does not guarantee the accuracy of such information. Nothing in this article should be considered as a solicitation or offer, or recommendation, to buy or sell any particular security or investment product or to engage in any investment strategy. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Stash does not provide personalized financial planning to investors, such as estate, tax, or retirement planning. Investment advisory services are only provided to investors who become Stash Clients pursuant to a written Advisory Agreement. For more information please visit www.stashinvest.com/disclosures.