Friendshipable

57: Financial disparities in friendships


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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.


#BeAFriend  

*****
Thank you for listening.

After much reflection, we have made the difficult decision to shut down Project BFF and the podcast. Our last podcast episode aired on August 23, 2024. We are leaving the podcast live on Buzzsprout through the end of 2024.

We are proud of this podcast and honored to have hosted such amazing and engaging guests.

Our hope is that Project BFF and Friendshipable have inspired you to form new friendships, strengthen existing ones, and encourage others to do the same

Thank you for being a part of our story. The two of us have truly deepened our friendship during this time, and we look forward to new and memorable adventures together in and around New England, which serves as the adopted home for both of us.

With gratitude and friendship,
Manya and Terri

To contact us, you can email Manya at [email protected]

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FriendshipableBy Terri + Manya

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