Hi Reader!

Let the Good Times Roll!

Parties, parades, music, and food - Mardi Gras is known for fun, indulgence, and excess. But when you are on a budget, you may feel like you have to choose between being frugal and saying no to a social life or going out and blowing through the budget.

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It doesn’t have to be either extreme. But it can mean some strategic planning and communication.

When money is tight and your friends have big plans, you have three options.

Say thanks, but not right now.

“That’s an awesome idea, but we can’t right now. Let’s plan something for next month."

You don’t have to get into the details of why you are saying no, and suggesting a future plan can show you are still interested. And now with extra time, you can pick an activity that fits within your budget and plan ahead for the expense.

Suggest a change of plans.

“It’s a beautiful day, how about we go for a walk and catch up instead of going for coffee?”

“I’d love to host a potluck instead of dinner out so we can relax and spend more time together.”

Focus on the reason for the get-together: being social. Sometimes you can make a change that keeps the spirit of the event but is cheaper or even free. Finding low-cost, high-value activities can take some creativity, but it's worth it to achieve both your financial and social goals.

Say yes and reassign your money.

“That’s too good to pass up - let's figure out how to make it work.”

Sometimes it’s worth changing your plans. Take a look at your budget; maybe you can readjust. Spend a little less in one category, put off buying that item from another category, or pick up some extra work to earn a little more money. It's okay if your priorities change; life changes. Adjusting your lower-priority, discretionary spending while keeping your high-priority needs and bills funded can give you the flexibility to say yes when the right opportunity comes along.

Have you tried any of these methods? What’s your best pivot for when plans change? I’d love to hear your stories.

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And if you would like to learn more, schedule a FREE Penny for Your Thoughts Q&A Call​

Remember, small change adds up. Step by step and penny by penny, we’re building a better life. Have a shiny day!

Laura

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