Summary:
Frugal friends are invaluable for those who wish to save money. Read this 751-word blog post to learn how such friendships can benefit you.

Details or Sample:
Alcoholics Anonymous, Weight Watchers, local faith communities, service organizations, and even mommy groups all acknowledge the power of positive peer pressure. When you want to accomplish a goal or live your life a certain way, it is a bit easier when you meet with others working toward the same end.

Whether or not you consider yourself a “joiner,” positive peer pressure can help you in finances just as well as in other areas of your life. Even if you never join a formal organization, it’s important to have at least one or two frugal friends. Here are ten ways they can help you:

1. Encouragement – When you postpone buying something you want in order to add to your savings, it doesn’t always bring the warm fuzzies you might get from bringing home that new purchase. A frugal friend can remind you that saving is worthwhile and that not everyone spends like “the Joneses.”

2. Keeping Up with the Browns – For those who do enjoy a bit of financial competition, having frugal friends can provide a new type of competition, the opposite of keeping up with the Joneses. Rather than trying to buy everything the Joneses have, try to save as much as the Browns.

3. Fresh Ideas – Methods of saving are as varied as the people who save. When it seems like you are pinching pennies every way you can, you might find that your frugal friends are doing something you are not. Talking about ways you save can benefit everyone. When you hear a different perspective, you might even realize that your way of cutting expenses doesn’t save as much as you think. . . .

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Downloads: 0
Written by: Shannon Christman
Available File Types:Text
Words: 751