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5 Ways to Overcome Peer Pressure to Spend

  March 5, 2019  |    #Eliminate Debt

Overcome peer pressure from your friends to spend

You’re at the bar and someone suggests a round of shots. Eventually, it’ll be your turn to buy, and for a million reasons you’d rather not spend your money. How do you overcome peer pressure to spend and say “no” before it’s too late?

Hear the 5 steps to overcome peer pressure to spend:

Overcome peer pressure to spend highlights

On today’s Queer Money®, we’re sharing five strategies to stand up to peer pressure and save money to pursue your hopes and dreams. We discuss the advantages of using cash as opposed to credit or debit cards and explain why it’s useful to have an entrance and exit strategy for enjoying a night out with friends.

We describe how Stephen Covey’s principle to begin with the end in mind applies to you, offering insight around how we prioritize our bigger goals to curb our margarita spending. Understand the value of an accountability partner and how to be upfront with your friends about your money goals as you overcome peer pressure to spend!

Do we want the margarita here, or do we want it on the beach in Mexico? – David Auten of Debt Free GuysClick To Tweet

Topics covered to overcome peer pressure to spend

Strategy #1: Use cash instead of credit or debit cards

  • Envelope system with amounts for each category
  • People who use cards spend 12-18% more

Strategy #2: Have an entrance and exit strategy

  • Don’t be first to arrive or last to leave
  • Make less expensive follow-up plans

Strategy #3: Begin with the end in mind

  • Determine bigger life purpose and goals
  • Ask what’s most important to spend $ on

Strategy #4: Don’t participate in drinking rounds

  • Know money goals and be up front
  • Step away from the group, as needed

Strategy #5: Have an accountability partner

  • Not alone in improving self financially
  • Friends want to support in reaching goals

Resources to overcome peer pressure to spend

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We love our friends, but sometimes we let them help us make bad money decisions. Get the 5 ways to overcome peer pressure to spend when you don’t want to spend money, or you don’t have money to spend. Spending | Reduce Spending | Eliminate Debt | Cut Costs | Money Conscious | Peer Pressure | Gay Men | Gay Men and Relationships | LGBTQ Issues | LGBTQ Business | LGBT | Budget | Social Spending | Queer Money | Podcast

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