If You’re The Friend With Less Money, Here’s How to Have Those Conversations

Pennygem

Money is an extremely sensitive subject to talk about because of the shame and judgement that comes from it, but there are ways to manage different incomes in a friend circle. PennyGem’s Johana Restrepo has more.

Transcript

00:00Everyone in a group of friends has different budgets.

00:06Money is an extremely sensitive subject to talk about because of the shame and judgment that comes from it.

00:12But there are ways to manage different incomes in a friend circle.

00:16If you're the friend with a bit less money,

00:18NerdWallet recommends that you think of experiences you want to invest in and those you'd rather skip.

00:24Maybe you'd rather eat at home and pay for a concert instead.

00:27Having a clear idea of this will help you accept some invitations and decline others with confidence.

00:34You can also plan more affordable gatherings like hosting a potluck or going for a walk or a bike ride.

00:41If you're the friend with more money,

00:43Be compassionate when your friend says they can't make it or if they straight up tell you they can't afford it.

00:49These conversations do get easier as you open up with each other.

00:53CNBC points out that being open about finances with your friends can be empowering and will hold you accountable to meet your goals.

01:02JOYS

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01:05eksigy

01:12EЭто

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