Skip Nav
Self Improvement
44 Quote Tattoos That Will Change Your Life
Disney
19 Facts About Disney's Very Own Private Island
Consumerism
51 Affordable Valentine's Day Gifts For Any Type of Guy

How to Deal With Friends Affecting Spending Habits

Don't Let Friends Warp Your Budget

Just because you've made sticking to a budget a priority this year, doesn't mean all of your friends will share your goals. It's pretty likely that not all of your friends have the same budget and spending parameters. Still, that doesn't mean that your financial objectives have to suffer in their company — or that you have to find new friends. Just be aware of how your spending habits change, and be your own best advocate to get your budget back on track.

  • Skip the Mall — I have a few friends I just refuse to shop with, for a few reasons. I've been convinced to splurge on countless items that were never in my budget, falling prey to the flattery of good friends, or to keep up with the spending habits of a friend who lives way beyond my means. No more. This year, I'm finding new activities to do with my girlfriends. Try browsing a bookstore, going for a walk, or working out together. These activities will take spending large sums of money out of the equation all together.

Get more advice after the jump.

  • Yes to Coffee, No to Dinner — My friend's expensive taste isn't exclusively reserved for retail. She also has an expensive palate, and dining out together usually means a three-course meal and a nice bottle of wine. You don't have to say no to dinner every time, but fitting a gourmet meal into the budget once or twice a week is bound to deter financial goals. Instead, suggest meeting for tea or coffee once a week to catch up. You'll still get the same quality time, minus the huge check for dinner.
  • Be Honest — The best thing you can do for your friendships and your budget is create a plan where they can coexist easily, and that means being honest. There's nothing wrong with explaining your financial objectives to your friends. You don't have to reveal all the details or the state of your checking account, but make your spending priorities clear. For instance, you could say, "I'm not doing big dinners a lot this year, since I'm focused on saving money for my vacation." You may find that once you break the ice, your friends follow suit with their own resolutions. At the very least, you'll relieve yourself of any anxiety you face when out with the girls, and regain control of your finances.
Around The Web
Dollar-Store Item DIY Projects
Buying an Engagement Ring Guide
Free Things to Do Outside the House
Making Extra Income

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

Join The Conversation
Latest Career & Money
X