• By Christina Karras
  • Posted July 1, 2018

FOMO Fund

I like to think of myself as a self-aware type of person. I think and reflect and understand my actions. And there is usually an underlying purpose behind them. So in order to work hard, I like to be able to see a reward, or even just a light at the end of the tunnel. Something to look forward to that breaks up the monotony and makes work - even when it might feel meaningless - more meaningful. Last year, I had a European holiday lined up, so working lots and taking on the extra shifts made sense. But this winter break, with no immediate reward in sight, I find myself struggling to keep working and putting money aside.

Everyone's always got something to put their paycheck towards. Phone bills, rent, the general price of living. But what about the little things, the money we save for the fun stuff?

So now, even without something to save for, it makes me wonder- why it's been so instilled that I have to save - but for what? When I think about it, it brings back the cliché - 'saving for a rainy day.-; But, that traditional rainy day fund almost always seems intended for big-ticket items. For things things heavily based in practicality.

Often, it's the stuff that that society tells us we've got to save for, like university fees, emergencies, bills, a house. Even so, it's easy to wag the finger and point the blame on society. Because who says you can't flip that rainy day fund to be a lighter burden, in an attempt to make saving more fun?

I have been trying to keep putting that extra money aside. But instead of aiming for a distant big ticket item that hasn't even come to fruition yet, it's for more immediate and, perhaps, more frivolous rewards. Like for when I see some online shopping sales I can't resist. Or a pair of expensive sneakers I decide to purchase on a whim. Or - what I'm guilty of at the moment - buying tickets for every DJ day party and event that keeps popping up on Facebook.

We seem to face a paradoxical dilemma of needing to save money, and living your best life. By that I just mean doing the things you want to do, and there's nothing wrong with saving for nothing, and saving for the unknown. So next time you groan about working a full weekend, and struggle seeing everyone's holiday pictures, remember this... while we might be a generation plagued with the 'fear of missing out', having a bit of that extra paycheck in a 'fun fund' could be spent, guilt free.

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About the Author: Christina Karras is a 20-year-old journalism student at RMIT. She also runs a online magazine a-zine.net. When she's not busy working or at uni, Christina loves making art, online shopping and binge watching reality TV.