I view social media the same as candy. It’s nice to have as a treat, but if it is all you do, then your going to have negative consequences.
Here is a calculator that shows what you could accomplish if you weren’t mindlessly scrolling through your feeds. I’ve pretty much eliminated the social aspect of social media, limiting my usage to what I need for my professional life. When I want to share something in my personal life, it goes on my blog, which, ironically, shares the post out on Twitter and Facebook. Some may say that’s me being hypocritical, but I view it as sharing the RSS feed of the site.