Socializing Shouldn’t Break Your Budget
By Nikita Wolff
In my pursuit of financial security, one of the hardest things to overcome was the peer pressure when friends make plans that don’t align with my budget. As we cover in class, it can be a really beneficial thing to associate with like-minded (read: like-budgeted) people.
Here are some ideas of activities you can do with friends that are more affordable:
- Picnic at the park or a meal at home: Compared to a dinner out, you could save upwards of $20/per person.
- Coffee or tea: This can be at a local coffee shop, or at home depending on how frugal you want to be.
- Drinks at home: If your friend group wants to have some adult beverages, you can at least lessen this cost by having drinks at home. Think how much farther your money can go if you aren’t spending $6-$14 per drink!
- Going on a walk: Walking & talking is a great way to build trust & intimacy in a relationship. Not only that, but it’s good for your health, too!
- Riding bikes: If you live near a good bike path, even better!
- Going on a hike: Again, both are good for your health & a great way to explore new surroundings & get to know each other.
- Movie night: Everyone contributes their favorite movie snacks. Even if you have to pay to rent a movie, we’re talking a fraction of the cost of seeing it in theatres.
If you’re not sure how to propose alternative plans, you can try these responses:
- I’m aiming to eat more of my food at home. Any chance we could plan a good meal at my place?
- In an effort to save up some money for ____, I’m trying to reduce my discretionary spending. What would you think about ____?
You’d be surprised how much of the time people are open to these revised hang-outs. Plus, a lot of people feel relieved at the idea of spending less money, too. It doesn’t hurt to ask!
If you’re interested in learning more about 3rd Decade and/or applying to our financial literacy and mentoring program, please click here.