On a previous post, I talked about how social media affects our spending in a negative way. But you know what, it doesn’t have to be all bad if we use it properly and be very smart about it.
There are various types of social platforms out there and Instagram is one of the most popular one, with 1 billion active users every month. So today, let’s discuss how you can use this photo and video-sharing social networking service to boost your finances.
1. Instagram is a great place to get financial inspiration.
One of the things that you need to watch out for is the idea of “keeping up with the Joneses.” Don’t let the idea of spending more than you have just to impress your friends on social media or compete with the others who show-off their lavish life on Instagram. Instead, find inspiration from the daily lives of successful people who share about their success or get your daily dose of motivation from quotes and sayings about wealth, career and success.
2. Get some money-saving and budgeting tips from other users.
Aside from quotes and financial inspiration, you can also find money saving and budgeting tips from the Instagram community using hashtags such as – #budgeting, #frugal, #livingonabudget, #debtfreecommunity, to name a few. Here, you can find random people sharing how they budget their money and beef up their savings.
3. Join finance challenges.
Other fun things going on around Instagram are challenges that you can participate to save more money. Again, you can use hashtags such as #nospendmonth, #noeatingout… etc.
4. Use Instagram as a marketplace.
Now, this part is about making money on Instagram. Whether you want to make money out of your preloved items or start a small online business, selling on Instagram is so easy.
5. Promote your business.
If you already have an existing business, Instagram is THE place to reach out to more customers and promote your products or services.
6. Join giveaways.
This may not technically be a way to improve your “finances,” but hey, who doesn’t want free stuff? A lot of companies and influencers do random giveaways that have amazing prices and most of the mechanics are simple as just following and clicking the heart button.
So yeah, there may be a lot of downsides to using too much of Instagram but there are also a lot of ways to learn and improve your life through this platform.