The young kids go through a lot of spending peer pressure. The places where they eat, the brands that they buy, the shops that they buy from – all are ‘peer-decided’.
However many of these kids go through a lot of stress. 2 girls earning Rs. 25,000 per month may be having very different needs! One girl who supports her family of 5 vs. the daughter of a big successful man. Sadly, if they are working together, there can be tremendous stress at common functions.
Let us see what can be done:
1. Make a Socialising budget: Let us say you wish to spend 10% of your income on ‘fun’ activities. In the aforementioned case, your budget comes to about Rs. 2500 a month. Let us say out of this you have reserved Rs. 500 for you to spend with your family. That leaves you with Rs. 2000 for 4 Saturdays. Not bad. However your budget is ONLY Rs. 500. If your friends go to a pub with a cover charge of Rs. 3000 what do you do? break the bank?
2. Tell your friends about your ‘social budget’ and why you will NOT BUDGE from that figure.
3. Remember there is an awesome life OUTSIDE of money.
4. Tell your friends that “I am saving for a goal’ – I want to buy my brother a laptop or I am planning to buy an air-conditioner for my parents. Whateva – but convey it strongly. People will appreciate.
5. Say you guys are great and awesome, but here is an alternative – BECAUSE I have other priorities…
Post Footer automatically generated by Add Post Footer Plugin for wordpress.