“Would you like to go out for dinner with me tonight?”, your good friend asks. You have known this person since childhood.
“Yes, I would love to!”, you reply quickly.
You and your friend go out for dinner and the meal is delicious you have some potatoes with a cheese sauce, roasted vegetables, a succulent steak and an excellent wine.
The next week. Your friend asks you out again. You, think to yourself these dinners are nice, but they are getting a bit expensive. You reluctantly say “Yes!”, again.
The food is good but the potatoes are a bit hard, the vegetables a bit soggy and the steak a bit tough. The wine tasted just okay.
Every time your friend asks you to go out, the money spent eats into the savings for the big holiday you were planning, the renovations you were hoping to do on your house or the new car you had your eye on.
It is becoming more and more difficult to save for the big things if you are forced to spend money on the little things like an expensive dinner each weekend.
It is time to get yourself a money buddy. Find someone who you can share your financial goals with. This person can be anyone who you feel comfortable with and who you can trust.
The idea is that you find someone who helps you build your finances not someone who drains your finances