Balancing your social life and your financial goals

balancing your social life and your financial goals

Your finances and social life can often clash. You want to be a good friend, but you also want to meet your financial goals. Sometimes our family and friends may have the best intentions, but they can come in the way of our financial goals. Staying in and keeping your pennies safe may seem tempting, but sometimes it’s just not realistic.

You can meet your financial goals, and have fun. No need to become a social recluse! So, if you find yourself always feeling tempted to spend more, or pressured to part with your money around certain people, then what can you do to stick to your financial goals?

Balancing your social life and your financial goals

Know what your goals are

Make a mental note of what your savings goals are. Better yet, write your goals down and how they will benefit you when they’re reached. It’s easier to stick to your goals if you have a precise number in your head.

Remember why you’ve set these goals

It’s always good to remind yourself why you’re saving. Keep a reminder somewhere; set a reminder on your phone, or have a note or photo hanging in plain sight. It’ll help you keep your goals in you mind and encourage you to stick to them.

Set firm boundaries

If someone’s always trying to persuade you to go out and part with your money, let them know that you’re on a financial fast and you’re not spending money. Be firm about your goals, if someone can’t respect your wishes then they might not be the best person to be around anyway.

Suggest to do something free instead

If your money gets eaten up, try to find a cheaper alternative instead; if you like your takeaways why not buy takeaway ready meals from the supermarket or create your own ‘fakeaway’ at home.

Are you on O2? Take advantage of the freebies on 02 Priority, like free coffees, and use these times to catch up with friends. Even better, invite them round for a good old cuppa and a natter.

Set an amount for monthly leisure activities

Give yourself an allowance! Saving money doesn’t have to be boring, allow yourself a set amount for fun every month, and decide which of your plans are worth spending money on. Balance really is the key here, you don’t need to stop doing everything you love.

Start mystery shopping

With mystery shopping, you can save money and get paid. MarketForce is a great site for mystery shopping, there’s assignments for pubs, restaurants, shops and more.

Start comping

There’s no guarantees with comping, but there’s the potential to win anything. Set your sites on winning days or meals out and do what you love at little or no expense to you.

Make money online

You can commit to making some extra money online specifically to put aside for your social life. There’s any number of ways to do this. Sell your unwanted items, do surveys, usertesting, sell a skill and more.

There is really something for everyone. You can balance your social life and your financial goals.


I’d love to know how you balance your social life and your financial goals! Let me know below.

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