Overcome peer pressure from your friends to spend
You’re at the bar and someone suggests a round of shots. Eventually, it’ll be your turn to buy, and for a million reasons you’d rather not spend your money. How do you overcome peer pressure to spend and say “no” before it’s too late?
Hear the 5 steps to overcome peer pressure to spend:
Overcome peer pressure to spend highlights
On today’s Queer Money®, we’re sharing five strategies to stand up to peer pressure and save money to pursue your hopes and dreams. We discuss the advantages of using cash as opposed to credit or debit cards and explain why it’s useful to have an entrance and exit strategy for enjoying a night out with friends.
We describe how Stephen Covey’s principle to begin with the end in mind applies to you, offering insight around how we prioritize our bigger goals to curb our margarita spending. Understand the value of an accountability partner and how to be upfront with your friends about your money goals as you overcome peer pressure to spend!
[click_to_tweet tweet=”Do we want the margarita here, or do we want it on the beach in Mexico? – David Auten of @DebtFreeGuys” quote=”Do we want the margarita here, or do we want it on the beach in Mexico? – David Auten of Debt Free Guys” theme=”style3″]
Topics covered to overcome peer pressure to spend
Strategy #1: Use cash instead of credit or debit cards
- Envelope system with amounts for each category
- People who use cards spend 12-18% more
Strategy #2: Have an entrance and exit strategy
- Don’t be first to arrive or last to leave
- Make less expensive follow-up plans
Strategy #3: Begin with the end in mind
- Determine bigger life purpose and goals
- Ask what’s most important to spend $ on
Strategy #4: Don’t participate in drinking rounds
- Know money goals and be up front
- Step away from the group, as needed
Strategy #5: Have an accountability partner
- Not alone in improving self financially
- Friends want to support in reaching goals