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How to Live Your Best Instagram Life…Without Breaking the Bank

By Farnoosh Torabi | Posted: 6/18/2018



The following article is part of Chase Slate's 2018 Credit Outlook, which provides data-driven insights on how Americans' views on spending, saving and budgeting are changing.

Instagram is incredibly popular, but the cost of living the ideal Instagram life can add up pretty quickly. For example, the opens in a new windowChase Slate 2018 Credit Outlook reports that, among active millennial Instagram users, 77 percent spent money on items and posted photos of them on Instagram.

A lot of those Instagram purchases were high-ticket items. 55 percent of active millennial Instagrammers posted travel pics, 53 percent posted pics of food, 44 percent highlighted events and experiences, and 29 percent posted pictures of new clothes and accessories.

That competitive, aspirational lifestyle can get expensive. Here's some tips for building the perfect 'gram without breaking the bank.

Clothes buying: Share the decision with your followers

Building an Instagram-worthy wardrobe can cost a fortune. Instead of automatically buying an expensive outfit, why not make the decision making process part of your Instagram story?

If a particular outfit catches your eye but the price tag disappoints, try it on anyway. If you like the way it looks, ask the sales person or a friend to take a picture of you — preferably facing the sunlight, instead of the unflattering dressing room lightbulbs!

Ask to put the outfit on hold for a day while you consider the purchase, then post your photo on Instagram, along with a caption that shares your conundrum — perhaps something like "To buy or not to buy?"

Not only will this give your viewers an honest glimpse into your life, it will also help you crowdsource a difficult purchasing decision. If you tag the store and designer, you might even be able to get a discount!

Travel: Sunsets never disappoint

Visiting expensive destinations can be a lot of fun, but sometimes the best views come for free. An Instagram photo of the sun rising or setting in a foreign land is a simple, inexpensive way to highlight your getaway.

If you want a little more local color, many cities offer free museum passes for travelers or host free festivals. Check with your hotel front desk to ask about free excursions or events — and use Instagram to give your followers a front row seat for the fun!

Food: Brightness and close-ups!

When it comes to taking pictures of food, good lighting can make a world of difference. I once got a chance to chat with Rachel Mansfield, a famous food blogger with over 260,000 Instagram followers. Her photos of healthy, homemade food routinely get thousands of likes, and her lifestyle blog has become the cornerstone of a six-figure business.

One of my first questions was whether Rachel's food photos were professionally taken and edited. She told me that all she uses is her phone and the natural light in her apartment!

The trick, she said, was her cutting board. A gray and white slab of marble that she and her husband had on their wedding registry, it's become the backdrop for many of her pictures. She's also a master of close-up photos, which make you instantly crave her recipes.

As Rachel's experience shows, Instagram fame doesn't have to cost a fortune. Sharing your life with others, taking the time to find unexpected sights, and — most importantly — developing your own distinct, unique style can set you apart. Instead of spending money on high-end products, spend some time on yourself: the rewards will extend far beyond your feed!

CHASE logo SLATE(R) 
      Bought it for the ‘gram 
      Millennials are spending and saving for the perfect post 
      77% more than ¾ of millennials made a purchase and posted it to Instagram in the past 6 months 
      61% of those who made these purchases, more than ½ say it made them happy at that moment 
      Millennials: 
      are willing to spend $137 
      have spent up to $212 
      for the perfect “gram”
      General population:
      Are willing to spend $70
      Have spent up to $378
      for the perfect “gram”
      Millennials are more likely to purchase something they saw on social media 
      Millennials 61%
      General population 46% 
      The most common purchases millennials posted to Instagram include: 
      Travel: 55%
      Events & Experiences: 44% 
      Food: 53%
      Clothing & Accessories: 29%
      Millennials are keeping up with their desired Instagram lifestyle, while still being proactive about managing their money responsibly 
      59% are successfully saving 
      64% have a plan in place to improve their credit score over the next year 
      #Chaseslate 
      ***Millennials here refers to those who are active Instagram users; those who post at least 2-3 times per month 
      The Chase Slate 2018 Credit Outlook was commissioned on behalf of Chase Case Services. A survey was conducted on behalf of Chase Card Services, by FleishmanHillard Global Intelligence and Research Now. Inerviews were conducted online form March 28-April 2, 2018 across the U.S. among 2,400 Millennials age 18 to 37. Sub-groups of Millennials that are active Instagram users (n=1,004), defined as those who post at least two to three times per month, and those that are not ‘active’ (n=1,000) were analyzed. The credibility for a sample size of 2,000 is +/- 2.19% and larger for subgroups.





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