Is Social Media Impacting the Way We Spend Money?

Is Social Media Impacting the Way We Spend MoneyIt is no surprise that social media has changed the way that we perceive the world, but has it changed the way we spend our cash? People have become extremely aware of their online presence and everyone wants to show off the best version of themselves online.

We are becoming more isolated and detached from reality due to our obsession with social media sites such as Facebook, Twitter and Instagram. Social media already impacts the way that we speak to each other and our levels of communication, but has it gone too far?

Do our social media sites cunningly draw our attention whilst taking money right out of our pockets? Let’s find out.

Fear of Missing Out
Social media can be an exciting platform to share things with friends and family and to see what everyone else has to say about various subject matters. We can quickly become attached to this notion that there is always something to see on our homepage; the red notification symbol keeps popping up which gives us even more reason to stay online.

There is a consistent fear of ‘missing out’ which derives from social media. It is as though we are spending above our means without giving it much thought in order to keep up with the trends. Many people turn to sites such as Car Cash Point in order to take out a quick loan on their car that will help them to finance purchases that social media convinced them that they needed.

Influence
We are influenced on a daily basis by the things that we see. Social media is no exception to the rule and without even realising it we are being constantly influenced by family, friends and the media. According to Social News Daily 25% of people trust endorsements from friends and family on social media sites, which can often lead to us buying things we don’t need because a friend has proclaimed its greatness via Facebook or Twitter.

Advertising
As you are probably already aware of, social media sites often use different forms of advertising. Our homepages are constantly updated with different adverts that are meant to appeal to our individual preferences. On the right hand side of your homepage, there is likely to be a few advertisements that often relate to something you searched for in the past or an advert for a website you once visited.

With this clever placement advertising, it is no surprise that we can easily fall into a sale or two. According to an infographic posted by Entrepreneur the three ways in which Facebook, Twitter and Pinterest increases sales is to provide additional information, alert viewers to sales and identify a place to buy the item/service. The research showed that 51% of females aged 18 to 34 and 56% of men were likely to make a ‘social purchase’ which emphasizes just how much social media can impact our spending habits.

Are you affected by these changes?

Have you ever made a “social purchase”?

Review – Instajunction.com – straight from your Instagram

With the internet and social media growing rapidly, there is always something new and exciting we have to keep up with. Same applies with companies… they have to change and evolve in order to stay competitive in the market or fall into decline… if they still won’t change then they run the risk of being replaced by new comers who will. One of these new comers is Instajunction.com.

instajunction

Instajunction brings your social media closer to you; they allow you to create personalised items using pictures which you have already shared on your social media.

I was given £25 credit to use at the Instajunction website in order to check out the company and review their products. Usually I am not big on personalised items, mainly because it can take ages to get something just right and you have to go through 100’s of different steps before you can even dream about reaching the check-out. Instajunction is doing it different. Last week on Sunday I sat down and within 10 minutes I was done – my order was placed, paid for and a confirmation email all snuggled up in my inbox…

So how are they different?

First thing  – they offer a slightly different product range compared to many other companies. Wrapping paper, sticker books or posters are all within your grasp.

Secondly – there is no need for an account. You can simply log on with your Instagram account and you are in. Once in all your pictures you have uploaded are visible and you can just pick whichever one you want to add to your purchase. No time wasted making an account, filling endless forms, refilling them again because you made one little mistake and it caused an error and then waiting for someone or something to send you a confirmation email. With Instajunction one click of the button and you are ready.

Finally the website is easy to use and extremely user friendly. I love the internet and I spend a lot of time messing around but sometimes I simply get lost while trying to order something. There are no worries of that happening when using Instajunction.

The ordering process has just 3 easy steps – chose the product you like – pick your pictures directly from your social media account – pay for your order. Then sit back and relax… and within the next 3-5 days your postie will knock on your door with a nice package for you.

So what did I order?

I actually wanted to get a Luxury Aluminium Plate but one is just not enough and I couldn’t really afford 4 of them 🙁 so I settled for my 2nd choice from the product range.  I ordered a set of 4 coasters as we use them every day and a set of 2 key-rings.

Here is my parcel on arrival
Here is my parcel on arrival

I placed my order on Sunday evening and it arrived on my doorstep on Friday. Well packed in a “please do not bend” envelope. Every component of my order was in a separate polythene bag plus a detailed invoice with my chosen products and pictures included.

Our New Coasters
Our New Coasters

What do you get?

A set of 4 hi-gloss finished photos on wooden coasters, measuring 9cm x 9cm. Their quality is astonishing. They are quite chunky and feel heavy compared to the other coasters we have already in the house.  I have long nails so in a moment of boredom I tried to pick the top layer off to see how robust they are… no luck there… nothing sticking out or getting unglued. I took the Ode coaster and washed it… this also didn’t do any damage… When the Ode coaster had dried out it looked like new again 🙂 I also noticed that they make sounds… ok, I know coasters do not talk… I am not losing my mind… yet… but the top layer is a plastic-like material so when you place your glass on top, you can hear it landing with this sound that is not the usual bump sound you would expect.  I like it.

Price – RRP £14.99

I had a quick online research session and found the price to be competitive. These coasters are definitely not the cheapest out there, but also not on the high end of the price spectrum. Now that I know the quality of the product I would be more than happy to pay a few extra £s for them.

Our New Keyrings
Our New Keyrings

What do you get?

Two plastic key-rings measuring 5.8 x 5.8cm, that can have prints on both sides of the fob. They feel good in your hand and you can tell that you are holding something solid. They aren’t too light and for sure don’t feel flimsy. The plastic clip holding the key ring fob is removable, so if you have another plan for your small plastic picture, you can remove it from the ring without fear of damaging the key-ring itself or the picture. Worth noticing is the fact that the whole picture part of the key-ring is in fact a single piece… this is not some picture sliding under a piece of plastic malarkey, no sir, this key-ring is solid. The plastic itself is very hard, it doesn’t bend at all… it also doesn’t break when dropped… yes, I am like a child but I just had to test it, on concrete from a height 🙂

Price – RRP £9.99

This is actually a very good price, especially given that you can design both sides of it. You can have a picture on one side and a personal note on the other, or anything your heart desires – just remember that you will have to make a note earlier and take a picture of it.

So what do I think?

I love it! It is fast and you can get an awesome gift at a good price. I can see Instajunction being very handy around Christmas time – they are perfect for creating unique gifts. We are thinking: wall calendar for Nan Flo, as she loves pictures and we can make something special for her, which she will cherish the whole of next year; sticker book for kids so they can share pictures from their play dates in a totally different form, I bet it will bring them much more joy than a standard printed picture; set of vinyls for my sis, they are redecorating and I am sure she will love some of her pictures on the wall…

What do you think? Would you use a company which allows you to create products using pictures from your Instagram account?

Oh, and I almost forgot… I have a 25% discount code which I can share with my friends. Code is FRIEND25BM and it must be used before 8/12/2013.

Or if you miss this deadline I also have 15% discount code FR10BT6X which is valid until 31/12/2013. They are both multi-use.

Happy snapping!

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I received £25 credit from Instajunction via FuelMyBlog for review purposes. The opinions expressed in this review are honest and my own.

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