behavior
April 1, 2024
Minutes To Read: 5

7 Friendships That Are A Danger To Your Financial Life

Having control of finances is no easy task. Knowing where you spend and having control over what you buy is not for any woman. But sometimes you need to save some money to secure that dream trip at the end of the year. However, it is not just your willpower that matters.

Often, some friends end up being dangerous to your financial life, always encouraging you to spend a little more, go to expensive places, and flaunt what you have and don't have.

To let you know and identify who these friends might be dangerous to your financial life, financial advisor and economics teacher Luciano Simões listed some of these types of friendships.

For him, the best way to avoid a negative influence on finances is to be authentic and choose friendships well. A good tip he counts is to identify the habits and places his friends go and see if they fit his spending power. "It all depends on your choice and how much you value your hard-earned money," he says.

7 Kinds of Friendship to Watch Out For

These friends are better known as? Friends of the jaguar? and they will not contribute to your financial life, on the contrary, they will always be encouraging you to spend more and reach your credit card limit. If you want to have a balanced financial life, the tip is to reevaluate how much you let them influence you on a daily basis.

Read also: Learn about two apps to control personal finances.

1. Loose Friend

The loose friend is the one who so often asks your friend to pay him the bill every time. He always claims to pay you later, but you never see the color of money. His time off is so great that he is no longer ashamed to borrow money and not pay back later.

This is that friend who always calls you to collect, who comes to your house opening the fridge and asking what you have to eat and who always comes to the parties shaking hands asking you to "cover his". There is definitely no solution to this case, even if he gets a good job, he will always have fun with you and spend your money instead of his.

2. Clubbing friend

You, of course, have a friend who never leaves the club and, worse, always goes to the most expensive places and orders the most expensive drinks. "Cool, outgoing, but not measuring financial efforts to always go out, lose track and eventually leading you to spend together," says Luciano.

If you don't have authenticity and occasionally say no to this friend, it's definitely a steal for your financial life. "Be strong and decisive and in some cases do not answer the phone at the end of the month, because you only have the limit of the card to spend and, if you answer, say you already have commitment", advises the consultant to get rid of major problems. .

3. Interesting Friend

You know that friend who is always wondering how much you earn, how you managed to buy that new phone and is always on your side just for the money. So this is the self-interested friend. “I believe to be the worst of friendships. Observing your economic condition, you become your best friend, hitching a ride to the point where you become her driver, and may even have your credit card for that more expensive ballad ?, warns Luciano.

Also read: Do you manage your money well?

It is a kind of friendship that is not worth pursuing, as what matters to him is his money and not his friendship. Don't be afraid to end a friendship like this and look for friends who share true friendships without having to know how much you have in your bank account.

4. Flaunting Friend

Imagine that friend who always has the fashion bag, always has a new shoe, always goes to the best restaurants and club and is always showing what she has. Because this is the ostentatious friend who will always care more about having than being.

The danger is that you feel influenced and buy at her pace. This can lead your account to negative and miscellaneous bills to pay. Let her flaunt all she has and you try to show her that the important thing is friendship, conversation and the good times you spend together and you don't have or have the fashionable bag.

5. Beggar Friend

"It's that dear friend who doesn't know what work is, he always borrows money and is always in a difficult situation, and he has no shame in asking," says the consultant. He is always in need of money, either to pay off his credit card or a new debt he has made, and you are always the first person he resorts to at such times.

For those friends who are always asking for money, you have to learn to say no. "Borrowing money only loses the friend and never recovers, people are not ashamed to ask, but you will be ashamed to charge, believe me," says Luciano. And worse, when charging your deadbeat friend and beggar, he will always come up with the excuse that you are not a good friend and do not understand the difficult financial situation he finds himself in. Often, this is when the friendship ends and you still leave as a bad friend.

6. Shopaholic Friend

Do you have a friend that always when you call him, he says he's at the mall doing some shopping? This is the shopaholic friend, he's a shopaholic and can't spend a weekend without buying a new item. Even worse, if this friend always asks your company for purchases. Then it is important to be alert and know how much you can spend on one of these trips.

The tip that Professor Luciano gives is to be aware of how much you earn and how much you can spend. "Have a goal for what you're saving, be strong and determined," he says. If this friend of yours is a big spender and doesn't live up to your standard of living, don't want to keep up with him and avoid shopping with him.

7. Negative Friend

You are dreaming of buying an apartment, so you can save money on everything you can, but there is that friend of yours who says it is impossible, that you will not be able to save money and who does not support you in your decisions to leave the party. weekend aside to save a buck. This is the negative friend and his influence is not good at all.

Friends should always be by your side, encouraging you and believing in you and your goals. Negative friends who just think nothing will work out should not be part of your day, as well as being bad for your finances, they will always let you down and not believe you can get what you want.