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Saving money with friends and family

August 28, 2021

Reach your financial goals faster with friends and family

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Why You Should Spend More Time With Your Friends

Without any friends, you are more prone to loneliness and depression.

If you want a happier life, be sure to spend more time with your friends. You’ll see that when you’re not spending time with them, you will have low self-esteem and will feel lonely. Without your friends, you won’t have anyone to talk to or hang out with on the weekends. It’s always a good idea to cultivate friendships because they can provide a lot of different benefits in life.

A 2016 study found that people without many friends were three times as likely to experience loneliness and depression as those who had more than ten close friends.

What are the Benefits of Spending Less Time Alone?

Spending less time alone can lead to a healthier lifestyle.

Why You Should Spend More Time With Your Friends

Our friendships are shrinking. The average person only has three close friends and we only spend a small amount of time with them each week. This is likely because it’s easier to stay in contact with people through social media than it is in person.

But this doesn’t have to be the case. Spend more time with your friends, you’ll get more out of it! Studies show that having strong friendships can improve your mental health and happiness levels, and reduce stress levels for both parties. Plus, you’ll have someone to talk to when things get tough that will always be there for you no matter what.

Tips to Save More Money When You Spend With Friends

If you find yourself spending more money when you spend with friends, take a look at the 5 tips below.

1. One person pays for the first round of drinks or appetizers, and the other person pays for the second round – this way you’ll both have a chance to be free of having to pay for one another.

2. Pick restaurants with affordable menus – stick to places that are not too expensive but still have good food quality and service.

3. Share dishes or entrées – this will allow you both to get what you want and also save some money!

4. Split the bill evenly – if there is a specific dish that one person ordered more than others, then it is okay to split the bill differently as long as it is an even split overall.

How to save money together with friends

Saving money together with friends can help you all reach your goals. It can be a way to motivate each other and stick to the plan.

A great way for people to save money together is through a group fund.

Group funds are a great way for people to save money together. Often times, couples will each have their own individual savings account and they will then decide to also put money into a joint account. These types of accounts are not just limited to couples, though. Friends, families, and co-workers can all benefit from this type of savings plan.

But in order for this strategy to work, you have to trust each other and be transparent about the money that’s coming in and out of the account.

A group fund is a great savings strategy, but it requires trusting relationships in order for it to work.

Joola is a social saving and credit app that gives you the opportunity to connect with friends and family, save together, and earn rewards. You can save up for big goals like an emergency fund or retirement with a few taps of your finger. Would you like to join Joola? Download the app now from the App Store and Play Store