Overcoming financial peer pressure
ALOT of times, overspending on things we don’t need is brought about by succumbing to peer pressure. I can’t blame you. How can you resist the fun of being in the company of your peers after a hard days work? How can you resist the praise and adoration of your peers when they see your new phone or gadget? We all want to belong and sometimes the best way we know how, just like everyone else does, is to have the latest gadget. We all want to be cool and be liked, and most of the times, the only way we know how is to spend and show that we can afford cool things. A lot of times, though, without noticing, succumbing to peer pressure gets you into a deep
So here are a few tips I learned that could help you overcome
Know your big picture.
What are your goals? What are your dreams? If you are not clear with your goals then it might be a good in your ‘big picture.’ Your big picture is what will drive you. It will be your reminder that will get you back on to the right track. Once you are clear with this, create an action plan that will get you closer to achieving your goals. This plan will serve as your guide. Any other action that will move you further away from the plan is a distraction, and as much as possible, stay away from the distractions because your goals and dreams are more important to you.
One way to - sure is to be a catalyst for change. Lead the way in educating your friends about the value of saving and investing. Start with yourself by focusing on budgeting and saving. What ever you learn in the process, share them with your resist this as it is a topic that may be out of their comfort zone, but at a certain point, they will appreciate you for sharing something
For some, spending is a
Be the Save. leader. JEREMY JESSLEY TAN, RFP
way to show our peers that we are can afford things. This, however, is success. The best measure of true success is through saving. And if you think spending will give you realize that it is when we save that
Show vulnerability and humility.
One thing I notice about good savers is that they are not afraid to show some vulnerability and humility. If they can’t afford it, they are not shy to admit it. Understand that saying “no” will not ruin your friendship. Well, this is where you see who your real friends are. Learn to say “no.” Not only that, but understand that in doing so, friendships are strengthened because your true friends will understand your circumstance and respect you for being true and not pre
In your barkada, chances are, there will be one or two who are good savers. Be with them more often - port you. Learn how they do it so you can do the same. Eventually others will also look to you for support. And trust me, it’s more your friends get to that right track.
Remember, money is important, but if your friends value money as the measure of true friendship, then you might be hanging out with the wrong set of friends and it might be a good time to look for new ones— friends that will help you achieve your goals and not get you broke.
Look for good saver friends.
JeremyJessleyTanisaRegistered FinancialPlannerofRFPPhilippines.Learnmoreaboutpersonal financialplanning,attendthe 59thRFPprogramthisJan28. Toregister,e-mailinfo@rfp.ph ortext<name><e-mail><RFP>at 0917-9689774.