Be Financially Smart With Expensive Friends

Facebooktwittergoogle_plusredditpinterestlinkedinmail

How the heck can you Be Financially Smart With Expensive Friends??

Sometimes it’s really hard to be frugal. It is especially hard when some of your best friends have a very expensive taste. They can bring your finances down, but how do we deal with this problem without hurting the friendship? This article I found gives some amazing advice, it really hits hard with me. I have a couple who is a very close friend of mine, who spend more money on entertainment than anyone I know – they are struggling very hard too! But they ask my wife and I to eat out so often it’s beginning to take a toll. This information really helped me and I think it will do the same for you guys! Make sure you visit the full article at GetRichSlowly.org


Offer to whip up a fancy dinner at home.
We celebrated a special occasion with friends the other night, but instead of going out, we made an epic dinner at home. I’m talking crab legs, avocado egg rolls, spicy cauliflower, and all the extras — and all for less than $30 in ingredients.

That’s a lot for one dinner, sure, but the same meal could have easily cost $200 or more in a nice sit-down restaurant. Splurging is okay sometimes, but it costs a lot less to splurge at home.

Need Credit Card Relief?

Plan a pitch-in.
As long as someone is willing to host, a pitch-in is the perfect way to hang out and enjoy a meal with friends. Not only can it lead to huge savings, but you can also take your time instead of rushing out of the restaurant once you are done. And since we bring our kids with us to cookouts and pitch-ins, it also helps us avoid hiring a babysitter.

Suggest activities first.
This is my favorite trick when it comes to dealing with expensive friends. Any time we have tentative plans with someone, I’ll suggest an activity first. My go-to suggestion is something cheap like a pitch-in or cookout and, of course, I offer to host. Most of the time, it works.

Pick a weekend night to stay home.
Sometimes the easiest way to save money is just to stay at home. Easier said than done when the weather is beautiful, but it is a good strategy nonetheless. I actually find it rather exhausting to have plans every weekend, so we have been trying to stay home at least one weekend night — usually Fridays. Not only is it nice to save money, but it is also nice to have a family night with the kids.

Say “no” when you really don’t want to do something.
There will probably come a time when someone invites you to something you really don’t want to do. It could be a sporting event, an expensive dinner out, or something else. It doesn’t matter. Occasionally, you just have to stick to your guns and say “no.” We have done it before, and it hurts — but it was definitely the right thing. Our noes usually involve invites to expensive restaurant dinners that are late at night. I hate eating at 8:00 p.m. and can’t fathom the idea of overpaying for a meal I wouldn’t enjoy. So when a situation like that arises, I just have to say “no.”

Tell other people about your financial situation.
You don’t have to spill all of the gritty details. However, if you are truly trying to save money, it can help to let your family and friends know. So tell them. Explain your budget situation and tell them about your dreams and goals. They may not share your enthusiasm for frugal living; but if they are real friends, they will understand.

Dealing with expensive friends without losing friendships

For the most part, I tend to believe that it is all about striking a balance. You know you don’t want to be that family — the one that never has the money to do anything fun. But you also don’t want to go off the deep end and spend in a way that undermines your short-term and long-term goals.

For us, it is all about being selective and having fun in the most frugal way possible. It’s not always the easiest choice, but I know it’s the best one. Life isn’t all about having fun today; it’s about saving for tomorrow too. And sometimes, you have to bow out and make the right decision for your family.”


Hope that adds some value for you guys! Click the subscribe button below to always be up to date and have special tips to boost your finances!

Source

Facebooktwittergoogle_plusredditpinterestlinkedinmail
About the author

Alexander_Price

I'm here to help change the way people are taught about finances. I have created a place where I look for the best information possible that I believe will significantly benefit my readers. I want this to be beneficial for everyone! Lets change the world together!

Leave a comment:

Leave a comment:


Web Analytics