Do You Suffer From FOMO: Fear Of Missing Out?

Often we spend a lot of time trying to rationalize why we haven’t achieved all of our goals in life and yet we spend a lot of our time looking at others and wondering why and how they were able to have made it. Enter FOMO, or fear of missing out.

FOMO, or fear of missing out, can cause us to focus on social media instead of the goals that are truly important to us. Don't let FOMO hold you back.

Wondering why about our lack of achievements seems like a waste of valuable time. Yet it doesn’t take long in a conversation among busy adults to get into it and for someone to raise a pervasive, underlying concern: “Am I making the right choices for my career, my family, and my life?” We’re so often consumed with what we—or our loved ones—might be missing out on or not achieving that it’s not a surprise to me that FOMO, the acronym for the fear of missing out, was added to the Oxford English Dictionary a few years ago.

What is FOMO?

FOMO is the fear of missing out on social events or activities. It’s the feeling that you’ve made a wrong decision about those things and often it is aroused by social media making you believe that are missing out on something really great! I would say that it goes even further, to a fear of missing out on opportunities, experiences, and even owning “things”. And social media is there to rub our faces in it.

Most of us have a pretty bad case of FOMO at least some of the time, if we’re willing to admit it. That’s especially true of millennials who have literally grown up with social media.

When you are feeling left out of the loop, you become dependent on all kinds of social media to keep up with everything and then you hope to feel better about yourself. Sometimes it does actually relieve your anxiety, but, do you really enjoy being dependent on the social media hamster wheel all the time? It can really wear you out.

Suffering from FOMO

It’s normal to feel this anticipatory regret from time to time. We may decide we need to stay home and rest on a Saturday night, but we’re a bit uneasy when we miss that dinner party with our friends. We do lose perspective when we let FOMO drive us, often blindly, to decisions we don’t even want to make. Many articles have been written like one recently in the Washington Post about how everyone is afraid to be the ones who stop the FOMO fears. It’s especially true when it comes to your retirement planning. Many who save diligently for retirement see others around them living it up and spending wildly having all kinds of fun. In that article, one millennial gave some sage advice:

“Don’t live by FOMO. Be brave enough to say no now so that you can say yes to bigger opportunities later. And even if/as you make more money as your career grows and advances, keep living cheaply and smartly as before to keep perspective!”
– Michelle Singletary, Washington Post – July 17, 2017

Studies have shown that FOMO is often linked to feelings of disconnection and dissatisfaction, and that social media fuels it. Think how many people constantly scan email or Facebook and Instagram to keep up with their friends’ latest updates. Some people don’t just want to keep up—they start to compare and evaluate their lives based on how they see others portraying their own.

In reality, FOMO is a phenomenon that predates the trendy abbreviation. It’s sort of the modern take on “the grass always being greener on the other side” or “keeping up with the Joneses”.

How FOMO Affects Your Work Life

It’s clear that FOMO can affect your personal life. But what about your work life? How can you tell if FOMO is influencing decisions about your career? Here is a sure sign that you might be suffering from excessive FOMO, and that it might be having an impact on your job. You have FOMO if you are constantly checking social media…all day long when you are at work!

This isn’t about logging into Facebook a few times a day; this is feeling antsy if you can’t be connected all the time. We like to blame our work cultures for forcing us to always be available on email or by phone, but in my opinion it’s more often a choice the person makes.

The fact is, many of us check our email and social media because we want to. We like to stay in the know, and to be on top of everything. In other words, we don’t want to miss out. Of course we actually are missing out by not paying attention to the people and things right front of us.

Here’s an example. When at work, as a general rule, most people aren’t fans of meetings. Still, if you find them useful—or even enjoy them—more power to you. But even if that’s not the case, and you still may ask yourself very carefully “why wasn’t I included?” I have heard from people who say, “Every time I pass a meeting room I go straight back to my desk and start to wonder whether I should have been invited.” In a majority of cases, the meeting has nothing to do with you. That kind of thinking is classic FOMO in the workplace—and probably is familiar to you.

So How Can You Handle FOMO?

I have been known to point out to my wife the scores of people I see constantly wandering around or even dining out who are glued to their smartphones reading, texting, and ignoring their friends and family all the while! If this is you, put down that phone (unless you’re reading this on mobile!) and pay attention.

When you’re dealing with FOMO…

  • Understand where FOMO starts and that it begins with feeling sadness
  • Remember, social media isn’t itself evil, however, depending on it to feel better is a crutch
  • Since happiness is your goal, focus on the good in your life to achieve that happiness
  • Always try to be grateful for all that you do have, it will make you appreciate everything much more
  • Consider a “social media diet” and use an app that helps you reduce your social media usage

When you think about the wasted time and energy dwelling on “missing out” on what you think others are doing and enjoying, you’re actually fulfilling your own prophecy. You’re wasting your own time and thus aren’t maximizing in any way your own fun and adventure and success.

Are you afflicted with FOMO? Is it just unavoidable in a world of 24/7 electronic communication? How do you stay focused on your goals?

About Gary Weiner @ Super Saving Tips

Over the last 45 years I've worked in retail (department stores and supermarkets) and financial planning. In addition, I am a shopper, born and bred, who enjoys the challenges of finding the best items for the best prices. When I'm not busy saving money or writing here at Super Saving Tips, I enjoy baseball, music, and classic movies. I am retired and live in New Jersey with my wife.
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10 Comments

  1. We have a no phone rule at the dinner table at our house. We want to be present for each other and not staring at our phones.

    I see a bit of FOMO in my kids, now that they are working. The get torn between having to go to work and knowing their friends have something planned. Overall they are learning to deal with it, they like that fact that they are making their own money.
    Brian recently posted…College Transition: Saving MoneyMy Profile

    • It’s very difficult for kids their age to ignore social media. But I think it’s a good idea to at least have some rules at home like you do. Who knows how all of this will affect people in the future, but for now, the best thing that can happen is for responsible parents at least monitor as much as they can.

  2. We raised three millennial kids who are all out on their own now and doing pretty well. Our family rules included no televisions in their rooms, no phone or television turned on in the house during any meal, and nobody leaves the table until everyone is through eating. We actually had a game of sorts where even after we were all finished the first person to get up from the table “loses”. That made for long meals but also extracted communication even from teenagers by waiting them out. It was my supermom wife’s idea and I am convinced it made our home a safe place for our kids to shelter if the outside world turned harsh.

    • Thank you so much, Steveark, for sharing your family’s rules. As much as it seems like it may be strict “discipline” to do what you guys have done, in the long run, I think it brings the family much closer together and there’s always time for the kids to catch up on social media when it doesn’t interfere with family life.

  3. I got another problem. I’ve so successfully subdued the FOMO monster over the past couple of decades, I now find that I suffer from FOJI–Fear Of Joining In. Yes, it’s time for Mrs. G and I to recondition our minds and be more willing to follow the herd. Being teetotalers from life ain’t good either. When are you going to write a post on dealing with FOJI?
    Mr. Groovy recently posted…Thank You TaxpayersMy Profile

    • Since I’m the president of the procrastinators club here in New Jersey, I just haven’t gotten around to writing about FOJI. But even more significantly, I’ve basically become pretty lazy. So joining in is not my area of expertise anymore. I think I used it up before the turn of the century. But there’s still hope for you!

  4. I think we’re all impacted by FOMO (except Mr G apparently) but practice contentedness can go a long way. Remembering the many blessing we already have, and that so many other people are lacking essentials, can help.
    Brad – MaximizeYourMoney.com recently posted…This is How You Achieve Financial FreedomMy Profile

  5. Advertisers love to prey upon FOMO and other insecurities too. “Studies have shown that FOMO is often linked to feelings of disconnection and dissatisfaction” — Thanks for providing a link to this as well. It’s my next stop! I had a friend that quit social media (except Instagram) recently, and I think she has zero regrets.

    • If only those advertisers would use their powers for good instead of evil! You are 100% correct, Melanie, that a lot of FOMO is instigated by professionals who know how to turn it into a profit. If you think about that for just a minute, it may help quash the fear of missing out. Thanks for your comments.

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