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Set clear financial boundaries with family and friends from "summary" of Broke Millennial by Erin Lowry
It's crucial to establish clear financial boundaries with family and friends. This doesn't mean you have to be stingy or rude, but it does mean being honest about what you can and can't afford. Setting these boundaries can prevent resentment and misunderstanding down the road. When it comes to family, there can be added pressure to lend or give money. It's important to remember that it's okay to say no if you're not comfortable with the request. If you do decide to help out, make sure you're clear about whether it's a gift or a loan. With friends, things can get a bit trickier. It's easy to feel obligated to go out for expensive dinners or weekends away, but it's okay to decline if it doesn't fit within your budget. Communicate openly with your friends about your financial limitations so they understand where you're coming from. If someone is constantly pushing your financial boundaries, it might be time to reevaluate that relationship. Remember, it's okay to put yourself first when it comes to your financial well-being. By setting clear boundaries, you can protect your financial health and maintain positive relationships with your loved ones.
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