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A member of our Gen Y Money Facebook community asked a great question the other day: Where do you draw the line on bragging about your toys and trips on social media?

There’s been a lot of talk in recent years about how social media feeds the fear of missing out, or FOMO. The Facebook question suggests the possibility of backlash against the posts of people in exotic vacation spots, fancy restaurants and such. Are those posts starting to become obnoxious?

The Facebook conversation (it started on June 27) shows there are people who definitely don’t think so. “I see social media as your own platform – nobody is forced to follow you,” one person wrote. “If something offends you – simply unfollow/block that person.” Someone else offered this blunt comment: “I’m someone who travels a lot ... I earned it. I couldn’t care less if someone thinks it’s too much. The fact it bothers anyone is more a reflection of that person and their insecurities than it is about me.”

Other comments show there is some sensitivity about how people view social media posts about trips and toys. “There is a line somewhere that can be crossed where the sharer comes across as privileged and tone-deaf,” one person wrote.

We’re all still learning how to use social media, so let’s all have some patience with each other about lifestyle bragging. Try to be aware of excess and remember that you don’t have to look at other people’s selfies. Just change the channel.

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Rob’s personal finance reading list…

The taboo of asking for money

An accountant blogs about the awkwardness of adult children asking their parents for money, and vice versa.

The astronaut vs. his kids

An expert on estate law looks at the legal conflict between 88-year-old former astronaut Buzz Aldrin and his kids over money. “Putting your children in charge of your financial affairs is not always a great idea,” she writes.

How to use disinfectant wipes

They’re a very handy product for cleaning up around the house, right? But you may not be using them properly.

Hearing aids for free

Read about how personal finance author Gordon Stein addressed his hearing issues with hearing aids that he was able to get for free through careful shopping around, plus some help from the province of Ontario and his workplace benefit plan.

Today’s featured financial tool

A guide to cryptocurrencies like bitcoin has been produced by the Ontario Securities Commission’s GetSmarterAboutMoney website. The OSC has found that roughly 5 per cent of Ontario residents own cryptoassets, but that number rises to 14 per cent among men aged 18 to 34.

Ask Rob

Q: ”We’ve ended up with a bit of extra cash this year and are considering purchasing a rental property. We are unsure who to consult with on whether this is a good decision for us versus our current investments. Any ideas on how to make the comparison? Would you recommend an accountant? Financial adviser?”

A: I suggest a fee-for-service financial planner to get the most objective view. This type of planner is paid on an hourly or flat basis – you’d essentially be buying a consultation to discuss the pros and cons of investing in real estate. Here’s a list I have distributed a lot in recent years of fee-for-service planners. If there isn’t one in your community, you might be able to deal by phone, e-mail and/or Skype with someone in another place.

Do you have a question for me? Send it my way. Sorry I can’t answer every one personally. Questions and answers are edited for length.

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