Healthy Financial Boundaries w/ Family & Friends – EP 126

Healthy Financial Boundaries w/ Family & Friends – EP 126

We’ve all been there; lending to friends and never seeing that money again, ‘splitting the bill’ when you only got a salad and a water, standing up in a wedding without realizing all the hidden costs. Whatever the situation, setting financial boundaries with friends and loved ones can be tough, but necessary! Today we talk identifying our financial boundary lines and how to draw them.

Sponsors: 

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  • Saying NO: Yup, you’ve heard this sponsor before, and they’re back to remind us that ‘no’ is an acceptable answer AND a complete sentence.

Notable Notes:

What the Internet has to say:

This artcile from Holly Scherer dives into how to set healthy boundaries with your family

What Jen + Jill have to say:

  • What’s mine/what’s not mine – look at the situation simplistically
  • How to identify our boundaries: Brene Brown defines it best as she describes boundaries are essentially “what’s okay and what’s not ok”

More from the Internet:

This article from Workable Wealth describes how we can set money boundaries with friends

More from Jen + Jill:

  • Identify the various types of ‘financial frenemies’ you’re dealing with
  • Have a strategy for supporting friends

BILL OF THE WEEK – Thank you Ally for sharing your bill with us about duck bills!!

This Bill of the Week is brought to you by BetterHelp. BetterHelp offers online counseling and therapy services for individuals, couples, and teens. Just answer a few questions and they’ll  assess your needs to match you with a licensed professional therapist that fits your needs and preferences. AND as a Frugal Friends listener you get 10% off your first month when you sign up at betterhelp.com/Frugal.

Lightning Round

Our financial boundary stories 

  • Jen- bridesmaid, bridal shower cost
  • Jill – boating (speaking expectations), helping someone move

Wrap-up:

Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to frugalfriendspodcast@gmail.com. AND share our most recent episode on social for a chance to win a copy of the Frugal Friends Workbook!

Thanks for listening! See you next week!

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