Skip to main content

gpointstudio/Getty Images/iStockphoto

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.”

Story continues below advertisement

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.

Subscribe to Carrick on Money

Are you reading this newsletter on the web or did someone forward the e-mail version to you? If so, you can sign up for Carrick on Money here.

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.

Story continues below advertisement

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.

Story continues below advertisement

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.

Featured Video

How pension plans are shifting their investment strategies to include things that go way beyond what individual investors hold in their portfolios.

What I’ve been writing about

  • Gen X, Y and Z parents: Don’t make this boomer money mistake with your kids
  • You hated the idea of starting CPP at 70. Now, how about 75?
  • Ready for a stock market correction? Here are five things you can do to prepare (for Globe Unlimited subscribers)

More Carrick and money coverage

For more money stories, follow me on Instagram and Twitter, and join the discussion on my Facebook page. Millennial readers, join our Gen Y Money Facebook group. Send us an e-mail to let us know what you think of my newsletter. Want to subscribe? Click here to sign up.

Report an error Editorial code of conduct
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • All comments will be reviewed by one or more moderators before being posted to the site. This should only take a few moments.
  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed. Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments.

Read our community guidelines here

Discussion loading ...

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.
Cannabis pro newsletter