Friendshipable

57: Financial disparities in friendships

October 28, 2022 Terri + Manya Season 2 Episode 35
Friendshipable
57: Financial disparities in friendships
Show Notes

From Project BFF HQ, Terri and Manya riff on managing financial disparities in friendships.

Whether you are the one with more money in your bank account, or the one with less, there can be some challenges in navigating friendships. 

Americans don't like to talk about finances with their friends. But when not out in the open, disparities in income (or disposable income) can crop up and inconvenient times among friends--like getting the bill at a restaurant or planning a vacation together.

For the cash strapped friend:

  • Set boundaries. It's ok to say no or to pay for your own tab separately. 
  • Make suggestions that do work for you
  • Pick up extra costs if you can, to treat every once in a while.


Resources we mention:

How not to be a bad friend in a rich-poor friendship, by Brittany Wong on Huffpost
A survey of 2,000 Americans found they're more likely to talk about politics and relationships with their friends than money, on Business Insider.


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