6 spending triggers to outsmart
Social networking 'status' updates
Social networking creates pressure to keep up with "Joneses" beyond your close neighbors and friends, said Kim McGrigg, spokeswoman for the nonprofit credit counseling agency Money Management International. "Every day you can hop online and see pictures of people who got a new car or went on vacation, you see them living a lifestyle that's different from yours."
McGrigg said, "The key to avoiding peer pressure is "being very clear about your values (and) what you want your money to do for you."