Things can be tough when your friends want to go out and spend lots of money, but you have a lower budget. You shouldn’t feel pressured into spending more than you can afford. Wave Community Bank are here to help with some tips to help you save, and not let FOMO mess with your money!
We’ve said it before, but it really is all about budgeting! You can use our Wave Money Guide Budget Planner to work out your income and expenses, and see how much you can save each month, then use the leftover money to have fun with your friends. Putting this into your budget and following it closely will prevent you from overspending.
Another thing you can do is find more affordable ways to have fun. For example, if you usually meet your friends for dinner, why not organise a fun night in? Perhaps everyone can bring something along with them to spread the cost. Try and plan something low cost that you’ll all enjoy.
Try and be open and honest with your friends about your financial situation. True friends will understand, and perhaps it could encourage others to be more open about their spending struggles!
It is important to remember that saying no to things will get easier over time as you realise how much money you are saving. Don’t be afraid of missing out now and then.
For more helpful tips on how to save money, you can see the rest of our blog here.
