My general approach to this tends to be to identify what makes me happy in life, splurge on those, save on everything else. For example, I love computers, so I’d splurge on parts, but religiously meal prep to save on food.
Technically true, but in practice, it’s very vulnerable to conglomeration of power by a few. Social media, for one: it’s not exactly a matter of quality to get users to use your platform. Beyond a certain threshold of minimum quality, people use and stay on a certain platform because the people they know are on it, such that it becomes a chicken and egg problem. Other than that, Google have such a ludicrous market share of web advertising (which unfortunately remains the primary method of monetising the web) that it’s very difficult to not use Google’s advertising, giving them immense power to surveil and monitor people. Google Chrome, which remains the most popular browser for reasons that elude me, has so much sway over the internet that it had the courage to even propose the idea of WEI. The infrastructure on which the entite internet runs are controlled by just a handful of massive ISPs, yet another centralisation of power.
I’d imagine if, say Signal, refuses to comply and gets banned from the EU, one could always use a VPN. I think that nothing short of either a full global ban or implementing a version of The Great Wall of China would allow these ridiculous laws to be enforced. Even then, there will always be ways around it for those willing to go the extra mile.