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Money talks with friends can pay off

Sep 5, 2024

Money talks with friends can pay off

Money is an awkward conversation in all relationships — and your friendships are no exception. Whether you’re making less than your besties or find yourself getting roped into overspending, it’s easy to let things slide. But don’t worry — Peak Money has a revolutionary hack to deal with this: ~communication~. We know… it sounds basic, but being open about money and setting financial boundaries can make a big difference. Before making plans, anything from dinners to trips, figure out what you can realistically spend and stick to that limit. Then, be clear with your friends about your expectations before the event. A simple text like, “Are we splitting the bill tonight?” or “I’ll sit out on the all-inclusive package, but good with the hotel price!” can do the trick. If plans change and you end up paying more than expected, let your friends know how you feel without placing blame. Being upfront helps everyone stay on the same page and avoids future issues. Remember: true friendships can handle the dreaded money talk!

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