FOMO Fuels Spending Decisions
Why do we spend money? Are we spending for necessary things like food clothing, housing and transportation, but what about the rest? Are our decisions dictated by the dreaded FOMO (Fear of Missing Out). Today on MoneyWise, Steve Moore and Rob West discuss how to avoid spending due to FOMO.Next, they answer your questions at (800) 525-7000 and [email protected] about the following: - Which should I pay off first, student debt or mortgage debt? - How do I best prioritize paying off debt? - My wife and I are trying to pay our home off quickly, but we haven't done much to save for retirement. Is this OK?