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In the Media – Income inequality: Keeping friends when they can spend more (Learnvest)

Published: January 22, 2017 | By | Reply Continue Reading
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LearnVest (screenshot)

LearnVest (screenshot)

January 15, 2017

Natasha Burton recently tackled the tricky situation of income inequality between friends, when one friend can spend more than the other, and the impact it can have on relationships.

On the website LearnVest, she writes:

If you’re like a lot of people, you made a financial resolution for the New Year to reach a larger money goal—which means tightening your belt and giving yourself less fun money to play with.

But sticking to a dialed-back budget can be a challenge when your friends continue to shell out big bucks on restaurants, vacations and group acro yoga classes for which you have a standing invite.

Then Burton describes five potential financial “budget-busters” that may come up between friends: a destination wedding, a pricey group gift, taking boutique classes, a big restaurant night out, and a luxe weekend getaway.

For the article, she interviewed Dr. Levine and several other experts, and then offers some strategies for managing your budget while simultaneously saving, and perhaps even strengthening, your friendships.

You can read the article in its entirety on LearnVest. The same article entitled “Yes, You Can Have a Social Life While Sticking to Your New Budget Goals” was also published on Forbes.com on January 18, 2017.

Several prior articles on The Friendship Blog about friendship and money:

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Category: Friends and Money

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