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Agreed! Letting my friends know my priority in life and my situation has helped me and is very beneficial to me as we can still hang out in cheaper ways like eating and staying at someone’s house.
Jayson @ Monster Piggy Bank recently posted…The Importance of Having Auto Insurance
I like the honest approach. If they are true friends they will understand. You could host a gathering at your place? This way you still get to see friend but can control the cost.
Brian @ debt discipline recently posted…Different Types of Life Insurance
Great suggestions! We have kids, so most things that our family is invited to are fairly frugal. Occasionally we get invited to pricier things, but most of our friends know about our #yearofno, so they don’t get offended when we turn those invitations down.
Jamie @ Medium Sized Family recently posted…5 Ways We’ve Saved Money This Week 37
Initiating outings is a great idea – it really puts the ball in your court financially. Suggesting a picnic lunch at the park can be just as fun as at a fancy restaurant for a fraction of the cost. Or scrounging up a free fun event like a city sponsored outdoor movie is terrific.
Mel @ brokeGIRLrich recently posted…Financially Savvy Saturdays #145
Great approach to saving money and saving friends! I think initiating the outings is a great way to make your friends feel wanted as well as control the cost.
Gary @ Super Saving Tips recently posted…Financial Empowerment – My Road to Financial Wellness
I like the idea of being open and honest. True friends will understand your situation, accept your choices and find ways to work around it . 🙂
I particularly love the ‘initiate outings’ tip. This will serve you well! You will still be the fun one but have your spending under control.
Mrs. CTC recently posted…Monthly Report: May We Forget April
Definitely be honest with friends. We have a couple friend that we would go out to dinner with a couple times a month. Finally one of us (I can’t remember who) said that things were a little lean and suggested cooking at home. What a relief! Since then we’ve alternated houses on Sundays and have our own “family dinners” making sure to bring a side or bottle of wine when it isn’t our turn to cook. It’s saved us a lot of money but even better we get to spend more time with our friends.