"I liked your article in AdAge. I have friends who need to be exposed to your writings: these may be stressful times, but they have a purpose as a catalyst for change." -Brian
Read More Testimonials»

On the Finances Blog

Bankruptcy: The Power of the Clean Slate

It doesn’t take many clicks online to find writing and advice on how to shape up your finances, even First30Days has a great financial advice section found here. There are...

Read More About Bankruptcy: The Power of the Clean Slate»

Our Reducing Debt Experts

Dave Ramsey

Dave Ramsey

Host of "The Dave Ramsey Show" on Fox Business Channel and...

Shared by First30Days View Profile»
Scott Bilker

Scott Bilker

Author and creator of DebtSmart.com

Shared by First30Days View Profile»
Liz  Pulliam Weston

Liz Pulliam Weston

MSN Money columnist and author

Shared by First30Days View Profile»

Meet all of our Finances Experts»


The latest news on this change — carefully culled from the world wide web by our change agents. They do the surfing, so you don't have to!

Do Good Friends Cause Bad Debt?

Do Good Friends Cause Bad Debt?

Have you ever been through a night like this? Each of us has sat on at least one side of that table—it's hard when you and your friends have different financial lives.

How do you get through being the one who doesn't have the cash for a night out? Remember that your good friends don't care how much money you have or what you give them. Make sure that you stay within your budget—don't feel pressured to pick up an expensive tab, go on a trip you can't afford, or go into debt to "keep up" with your pal's purchases. And when they ask why you're not spending? Be honest! A true friend will want to help you become financially stable, rather than bring you further into debt.

Stacy Johnson from Money Talks at MSN.com offers the
following advice:

Are your friends causing your bad debt? How do you show people you care without spending money? [MSN]

Posted: 6/2/08