3. If You Have ‘Friends and Family’ Demons

You need friends and family to add fun and care in your life.  You plan for social gathering, meet them in a restaurant and pay bills amounting to 5000 or more. There could be also some money-toxic friends in your social network you put you in situations that encourage you to overspend or lose control over your money. This happens when your friends order lots of expensive drinks on a weekend party and expect you pay their bills. In such a case discuss with your friends for individual contribution before the party starts.

More: Is Your Spouse A Financial Blunder?

In everyone’s life relationships holds a great importance. But in every relationship, its understanding that plays a key role in binding you people together. Your mother, your wife, your sister or your friend, they all love and would surely understand your financial situations. So every time when you feel uncomfortable to spend money, let your friends and family know about it and then they themselves will stop demanding too much of financial favors from you.

Also Read: Buy a House in Your Wife's Name and Save Money