Relationships are an investment that requires effort on your part. This means investing time, money and yourself (plus a little more).
This is never more obvious than when money is tight and you’re required to beat the FOMO (fear of missing out) to spare your finances.
Boredom is a strong motivator to overspend.
Especially now when surrounded by adverts on travel offers, retail sales, happy hour offers and the Christmas decorations in the malls - this can bring a bit of cheer albeit with a hint of sadness.
Now, think about the last invite you got from a friend and the flash of feeling special and excited – closely followed by the question, “how much will this cost?”
It can be frustrating.
The “Ghosting”, small lies and ignoring of calls that follows, eventually turn out to be costly too.
So, can you navigate money matters and friend(s) without destroying your social life? Turns out you can.
All you need is to stick to your choice - to hangout or not because you simply want to or don’t want to and not because of tight money issues.
First, pay attention to your socialising preferences and your set entertainment budget.
Secondly, consider your friend(s) socialising preferences and “how much will it cost?”
Third, understand “how much it will cost” by selecting activities everyone will enjoy and comparing these against your budget.
TIP: Did you know that happy hour, breakfast or lunch deals; off-season entry fee offers (etc.) are a marketing and sales tactic to attract more people?
Be careful not to ignore a place, service or activity because you think it’s ‘‘too cheap’’ to be good, instead check it out and discover what’s good.
Take note of the offers and save time and money. Items to consider are:-
Yes, having a few drinks at home and having drinks out has a different vibe yet focusing on enjoying your friend(s) over the thrill of ambience, is quite rewarding and it’s quite the money-saving bonus.
So, opt to skip the pub for a private social drinking / social hangout.
As the host, go for these budgeting tips:-
TIP: If you and your friend(s) really want to go out for drinks - select happy hour and special offers at clubs, pubs and restaurants.
We all have buying impulses for different things, like food, plants, jewelry, décor, clothes, food (etc.) and that is why window shopping is out-of-the-question too.
Thankfully, there are specific exceptions. For example:-
If this is the plan, agree to tag along only after a specific schedule and spending amount is set and only if you need to buy something too.
Do you remember when park and picnic site visits were the highlight of a family outing?
Whether you have or haven’t had this outdoor experience – this is a scenic hangout option that’s often free-to-low entry charges. Some fun activities you can engage in are:-
If you are fortunate enough to own or live where residents have leisure facilities available, enjoy them with your friend(s).
Fortunately, as a tenant, these facilities are free for you and your guests – so, go ahead and share the fun.
Technology has its benefits and consequently it gets easier to buy-and-sell, so the sooner you get started on budgeting, the easier and more rewarding it gets for you.
According to Entertainment and Media’s (E&M) An African Perspective (Outlook): 2018-2022 report, as disposable income improves, the digital E&M industry will also experience an uptick.
Some suggestions for a little-to-no spending hangout include:-
Last but not least, evaluate the quality of your friendships.
After all life is always better with the right friend(s), which means you have a role to play in nurturing good friendships and vice-versa.
Here are key things to keep in mind:-
Understandably, it's hard to be 100% upfront about your financial situation – but remember with the right budget and the right company, where you live and whatever your situation, there are lots of fun, affordable places to go and activities to do.
Friendship should not feel like a punishment or a subscription and with the eight ideas shared; you have at least 4-8 weeks of pre-planned fun ideas.
Which will you try first?