I've been dabbling with this too, and my current state is that I don't consume any news or social media (twitter) that I cannot consume via my RSS reader, which in practical terms means I don't subscribe to any major news outlets, but instead subscribe to a smaller newspaper in my country that sends out daily newsletters which I then forward to my RSS reader that then shows it along regular RSS content - it's a feature of feedbin.com and it's a great feature!. Then I follow a lot of personal blogs, lobste.rs and HN, and then a curated list of twitter accounts, all via my RSS reader. The twitter thing is also a feedbin.com feature. And then I try to read books about a lot of different topics according to my mood, obviously. I get the feeling that any news that is not relevant to me after a month, six months, a year and so on, is probably not worth my time anyways except if it touches me directly, in which case I'll know anyways, so by reading books about, say covid-19 in a few years instead of news now, I'll get a much better picture of the whole thing than if I was intensely following the news every single day doing the pandemic.
But fear of missing out does often present itself. It's a constant fight between my rational mind, and some kind of stupid, irrational thing that is also part of me.