In the Media – The problem with friends and money

Published: August 25, 2015 | Last Updated: August 25, 2015 By | Reply Continue Reading

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Refinery29 (screenshot)

Refinery29 (screenshot)

Refinery29 covers the topic of friends and money.

In an article posted on Refinery29, Caitlin Moscatello discusses the problems that can potentially arise when there are income disparities between friends. She writes:

By the time the waiter brought the second round of sake, Katherine, a 28-year-old graduate student, was in panic mode. She had already calculated the cost of the sushi rolls her friends had ordered for the table — $15 for the soft-shell crab, $12 for the tuna, $4 per oyster. And those were just the starters.

“I was kicking myself for not looking up the prices on the menu beforehand,” Katherine says. “A bunch of my friends work in finance, so they don’t think twice about dropping $150 on dinner.

But all I could think was: I’m literally eating what could be my phone and Internet bills for this month. It’s in my mouth, and it tastes like raw tuna, and I want to cry.

Moscatello interviewed several experts including The Friendship Doctor to identify some strategies for avoiding serious friendship problems that surface around money issues.

She also writes:

“It’s natural to compare yourself with your friends,” says Irene S. Levine, PhD, psychologist, author of Best Friends Forever: Surviving a Breakup with Your Best Friend, and creator of The Friendship Blog. “Even as young children, we develop our sense of self by observing other people, adapting new interests and ways of being in the process.”

This tendency is not without its pitfalls, however. “Of course, sometimes when we compare ourselves to friends, we fall short,” Dr. Levine adds, “and so it’s also normal to feel a bit jealous.”

To read the article in its entirety on Refinery29, click here.

Some prior posts on friends and money on The Friendship Blog:

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Category: IN THE MEDIA

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