With social media controlling our lives like never before, people often fall victim to the FOMO/”fear of missing out” phenomenon and instead go overboard with a YOLO/”you only live once” mentality. While it is important to live in the present and soak up each precious moment of life, make sure you balance that out by saving for your financial future, too. Without checks and balances in place, you can find yourself saying yes to everything and spending more money than you have—all due to the fear of missing out.