Michael on April 13th, 2009
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You: No, they don’t.

But they do influence your spending.

You: Sometimes, I guess. I hadn’t really given it much thought.

I haven’t written about it in a while. But entertainment spending irrefutably is tremendously impacted by those you go out with. For others, the amount they spend is also influenced by who they are with for other expense categories, such as clothing and other mall-type retail stores.

In reviewing this week’s Carnival of Personal Finance, which featured my article Friday Q & A: First Time Home Buyer Tax Credit, I noted Broke Grad Student’s How Friends Influence Your Spending Habits.

As the weather begins to warm up around the country, (not so much really here, but soon enough) it’s a good reminder to spend on and when it matters to you, not just because some of your peers are.  While you never genuinely know what another person can actually afford, you should take the time to self-reflect; to truly understand when and how you wish to spend your finite resources.
What would you discover about yourself if you took the time to do so?

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