Ever feel that sting after a night out, realizing you spent more than planned? Or maybe your bestie hits you up to split a bill that’s so extra it could pay your Band-A bill for a month. Having a lit social life shouldn’t mean your bank account is running on E for empty. That’s where money boundaries come in — they’re the ultimate flex for a healthy financial future and squad goals!
Here’s the clue to mastering your money, with some fire, do’s and don’ts to navigate your social life without catching financial FOMO:
Do: Budget Like a Boss Bae
Track your money: Before you set boundaries, you have to know where your cash is flowing. Track your income and expenses for a month. Categorize everything — from flexing on new clothes to grabbing jollof rice. This will expose your spending habits and areas to tighten your purse strings.
Craft a spending plan: Once you’re woke on your spending habits, create a realistic budget. Allocate funds for essentials, savings goals (that dream vacay to Dubai!), and — yep — even turn-up activities. This lets you make informed decisions about social outings without the post-bae-cation blues.
Don’t: Fall Prey to FOMO
Prioritise, don’t panic: Not every social event has to be lit AF. Prioritise activities that match your budget. Suggest a games night at your place (all you need is good vibes and a dope playlist) or attend a free outdoor activity. There are endless ways to turn up that won’t break the bank.
Embrace the “no”: It’s okay to decline invites that don’t vibe with your financial goals. A simple “Sha, that’s a bit too extra for me right now” is perfectly acceptable. True friends understand the struggle and won’t judge.
Do: Be Open and Honest
Communicate your boundaries: Talk to your squad about your financial situation. Explain you’re on a budget and suggest low-key activities. You might be surprised how many friends are on the same level!
Embrace going “Dutch”: Splitting bills fairly is the ultimate flex for ensuring everyone pays their share. Suggest dividing the restaurant bill or taking turns hosting game nights at your crib.
Don’t: Be a People Pleaser
Don’t feel obligated to “keep up with the Joneses”: Resist the urge to overspend just to impress your squad. Real friendships are built on shared experiences, not expensive ones.
Be wary of the “one-upper”: If a friend constantly suggests doings out of budget, politely suggest alternative options. There’s nothing wrong with a little friendly competition, but not when it comes to your financial future.
Do: Get Creative with Fun
Explore free and low-cost activities: Parks, museums with free days, games nights — there are tons of budget-friendly ways to turn up with your crew. Get creative and suggest something new.
Embrace potlucks and shared experiences: Cooking together or hosting a potluck is a fun and affordable way to gather. Everyone contributes a dish, and everyone benefits from a delicious meal (and good vibes)!
Remember:
Your financial health matters: Don’t let social pressure mess with your financial goals.
Friends who value you, value your boundaries: True friends will respect your need to be financially responsible.
Take Control of Your Finances with MyInvestar today. Ready to truly master your money vibes? Download the Investar app today and take charge of your financial future! Get ready to own your finances and still have a lit social life!
