Comments on: Tip #4: Involve your friends in your savings challenge http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 12 Feb 2012 18:46:58 +0000 hourly 1 http://wordpress.org/?v= By: Getting Relief from Credit Card Debt http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-119207 Getting Relief from Credit Card Debt Fri, 06 Nov 2009 03:46:30 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-119207 [...] Develop a support system that can help you reach your financial goals. To tackle my student loans, I have my husband in my corner. I also have some wonderful resources on the web with other personal finance bloggers. I also recommend being support for a friend as well. It can be helpful for yourself as well as for your friend. [...] [...] Develop a support system that can help you reach your financial goals. To tackle my student loans, I have my husband in my corner. I also have some wonderful resources on the web with other personal finance bloggers. I also recommend being support for a friend as well. It can be helpful for yourself as well as for your friend. [...]

]]> By: A-Z guide for frugal living: linked and pinned « It’s Alright!! http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-92693 A-Z guide for frugal living: linked and pinned « It’s Alright!! Sun, 22 Mar 2009 06:36:15 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-92693 [...] I nvolve your friends. — from I Will Teach You to Be Rich [...] [...] I nvolve your friends. — from I Will Teach You to Be Rich [...]

]]> By: 20 questions that financially unprepared people fear | I Will Teach You To Be Rich http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-88651 20 questions that financially unprepared people fear | I Will Teach You To Be Rich Mon, 09 Feb 2009 07:14:16 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-88651 [...] when someone asked you to do something that involved spending money? 18. How do your friends handle their money, and how do you think it affects you? 19. What’s the one thing you could do today to start [...] [...] when someone asked you to do something that involved spending money? 18. How do your friends handle their money, and how do you think it affects you? 19. What’s the one thing you could do today to start [...]

]]> By: CW http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-88277 CW Tue, 03 Feb 2009 18:40:40 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-88277 Setting up a competition or trying to convince someone else to join in on the program are ideas that don't fit my lifestyle, in middle age, though that kind of peer support might have been useful back in college and grad school days. But I can think of a couple of ways to reinterpret this tip for my situation. First, I can be proactive in suggesting activities with friends that don't involve a big expenditure, like going to an art gallery or other free public attraction together, taking a simple, low-cost picnic to the park, having a movie night, a game night, or a pot-luck dinner party at home, etc. One of our most successful parties was one we had on Chinese New Year; we asked each couple to bring one favorite Chinese carry-out dish to share. We provided tea for everyone, in addition to contributing our one dish. The guests even brought paper plates and chopsticks (or forks) from the restaurants, so cleanup was no trouble. There was plenty of food, but no one spent much, and trying the variety of dishes was interesting. Instead of seeming like cheap entertaining, everyone thought the party was creative and fun! A second way to use this tip in my life is to be upfront in telling friends I don't want to spend a lot when we're planning get-togethers. I can say I have a goal of saving a certain amount each month, or say I want to cut back on my rampant consumerism, which is also true! In the current economic climate, it could become chic to economize! Why not get out ahead of the crowd with a new commitment to thriftiness? In fact, that's just what brought me to this web site. I may be old, but I'm hip! ;-) Setting up a competition or trying to convince someone else to join in on the program are ideas that don’t fit my lifestyle, in middle age, though that kind of peer support might have been useful back in college and grad school days. But I can think of a couple of ways to reinterpret this tip for my situation. First, I can be proactive in suggesting activities with friends that don’t involve a big expenditure, like going to an art gallery or other free public attraction together, taking a simple, low-cost picnic to the park, having a movie night, a game night, or a pot-luck dinner party at home, etc. One of our most successful parties was one we had on Chinese New Year; we asked each couple to bring one favorite Chinese carry-out dish to share. We provided tea for everyone, in addition to contributing our one dish. The guests even brought paper plates and chopsticks (or forks) from the restaurants, so cleanup was no trouble. There was plenty of food, but no one spent much, and trying the variety of dishes was interesting. Instead of seeming like cheap entertaining, everyone thought the party was creative and fun! A second way to use this tip in my life is to be upfront in telling friends I don’t want to spend a lot when we’re planning get-togethers. I can say I have a goal of saving a certain amount each month, or say I want to cut back on my rampant consumerism, which is also true! In the current economic climate, it could become chic to economize! Why not get out ahead of the crowd with a new commitment to thriftiness? In fact, that’s just what brought me to this web site. I may be old, but I’m hip! ;-)

]]> By: หาเพื่อน http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-86628 หาเพื่อน Fri, 16 Jan 2009 12:32:29 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-86628 Thanks for good infomation . Thanks for good infomation .

]]> By: Save $1,000 in 30 Days Challenge « I May Be Cheap http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-86386 Save $1,000 in 30 Days Challenge « I May Be Cheap Mon, 12 Jan 2009 18:09:16 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-86386 [...] Involve your friends in your savings challenge [...] [...] Involve your friends in your savings challenge [...]

]]> By: The A–Z Guide to Frugal Living | Timeless Lessons http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-82639 The A–Z Guide to Frugal Living | Timeless Lessons Wed, 03 Dec 2008 21:29:33 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-82639 [...] nvolve your friends. — from I Will Teach You to Be Rich — “Without this, you’ll have a tough time achieving your goals. For more people, the [...] [...] nvolve your friends. — from I Will Teach You to Be Rich — “Without this, you’ll have a tough time achieving your goals. For more people, the [...]

]]> By: TC http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-82619 TC Wed, 03 Dec 2008 19:35:06 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-82619 I'm late adding my comment here too, but I've been participating and still wanted to report back. I've enlisted 2 friends and my significant other. With our friends, we're skipping the theaters and watching movies at each others' houses instead ($40 movie outing, 2 times a month). With my SO, we're being careful about spending all of our grocery budget just because it's there. ($20/week easily) This tip: $160 Current total: $170 I’m late adding my comment here too, but I’ve been participating and still wanted to report back. I’ve enlisted 2 friends and my significant other. With our friends, we’re skipping the theaters and watching movies at each others’ houses instead ($40 movie outing, 2 times a month). With my SO, we’re being careful about spending all of our grocery budget just because it’s there. ($20/week easily)

This tip: $160
Current total: $170

]]> By: Amy http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-80312 Amy Fri, 14 Nov 2008 05:16:54 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-80312 I'm a little late responding here, but I'm doing this one on my blog by trying to save $350-400 this month off my regular (really high) grocery bill. I've also been posting some thrifty recipes to share with others. So far I've spent $100 on groceries this month ( almost always eat in since cooking is my hobby) - usually I spend more than that in one week! I’m a little late responding here, but I’m doing this one on my blog by trying to save $350-400 this month off my regular (really high) grocery bill. I’ve also been posting some thrifty recipes to share with others.

So far I’ve spent $100 on groceries this month ( almost always eat in since cooking is my hobby) – usually I spend more than that in one week!

]]> By: alexinmadison http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge/#comment-80111 alexinmadison Wed, 12 Nov 2008 21:46:34 +0000 http://www.iwillteachyoutoberich.com/blog/tip-4-involve-your-friends-in-your-savings-challenge#comment-80111 This is a funny one for me because, as soon as I started reading about the challenge, I e-mailed the link to, like, 5 people. My intention wasn't to "bet" them or to make me accountable to them but to have someone to share the challenge with. I can talk to these folks about my successes and failures and we can trade tips and ideas. This is a funny one for me because, as soon as I started reading about the challenge, I e-mailed the link to, like, 5 people. My intention wasn’t to “bet” them or to make me accountable to them but to have someone to share the challenge with. I can talk to these folks about my successes and failures and we can trade tips and ideas.

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