This is my FOMO jar. Fear of Missing Out.
When I reviewed my expenses for 2020 and 2020, I discovered I spent a significant amount of money, especially on the latest and greatest software tools that everybody else was getting, that was a total waste of money and of my time.
My reason for buying the Latest and Greatest Whiz Bang tools? FOMO
My reasons for not using the new tools were not impressive: the software wasn’t instinctive; the software tutorials were too much work to listen to; the software wasn’t as good as what I was using; I didn’t have time to spend learning new software; I had trouble with the download because my internet is slow, so I quit; it was foggy outside. I know that last foggy excuse is pretty lame, but so are all the rest of them.
This year, I have a #FOMOjar. Every time I purchase something because FOMO, I’ll drop a quarter in the jar. Every time I decline a FOMO purchase, I’ll drop a penny in the jar. At the end of every month, I’ll set aside bonuses and penalties based on the cost of the purchase temptations. Penalties for FOMO purchases, and bonuses for saving money by avoiding a FOMO purchase.
The coins will be a reminder and a tracker of how I’m doing, and the bonuses and penalties will go toward paying for gas when we drive the the truck and camping trailer to a national convention next fall that I really want to attend.
Watch for my first report for January 2022 at the end of the month!
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