How to Save Money and have a Social Life
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How to Save Money and have a Social Life

Posted on Tuesday, January 21st, 2020 at 11:07 am
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Your budget is tight, but your desire to have a social life is strong. Fortunately, you don’t necessarily have to give up spending time with friends in order to avoid going into bankruptcy. Here are some ways to save money and have a social life.

Take advantage of happy hour! Many bars will hold a happy hour with special discounts on food and drinks. The menu may be limited, but generally will still have some variety. The lower prices during happy hour make it less expensive to go to a bar and spend time with friends. Not in the mood for alcohol? Some coffee shops have their own happy hour specials that include discounts on certain coffee drinks and pastries.

Look for free events. Warm weather encourages people to go outside. Most farmers’ markets do not charge an entry fee. They are good places to find fresh produce and listen to live music. Some cities will hold free concerts in local parks. Your local library might have a book club that you can join for free.

Do your friends enjoy playing games? There are several video games that can be played online for free. Start with the games that everyone has already purchased for a night of fun that doesn’t require anyone to leave their homes. Dungeons & Dragons is a wonderful way to spend an evening, either in person, or through the internet. If your friends live close by, you can invite everyone over for a board game night.

Have a movie night! Invite your friends over to watch a movie that you own, or one that is on the streaming service that you have a subscription to. Make some inexpensive snacks. Popcorn is a good one! Ask your friends to bring drinks. Rotate through so each friend gets a turn to host.

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Good Tip: Saving money is important – especially if you have a lot of expenses like bills to pay, loans to pay off, and all the other things that drain your bank account. Figuring out a way to save money can feel tedious to some, and like a punishment to others. U.S. News suggests that you try one of these money saving challenges. The “No Eating Out for a Month” Challenge This one is self-explanatory. The goal is to avoid eating out for an entire month. This might be super easy for people who enjoy making meals at home. People who really enjoy dining out, or ordering food to be sent to their home, may struggle with this one. It’s worth a try because spending money on take-out is more expensive than buying groceries. The Pantry Challenge This one is a variation of the “No Eating Out for a Month” challenge. The goal is to use up all of your groceries before you buy more. It forces you to try and remember why you bought a food or beverage that you don’t know what to do with, and gives you the opportunity to find a way to use it. The one exemption to this challenge is the foods that have expired. Don’t eat them! Throw them in the trash. The “No Spend” Challenge Make a goal to avoid spending money during an entire weekend. The only exemption in this challenge is that you are allowed to pay bills. This challenge is interesting because it requires creativity. You must be creative and find workarounds for problems that you would typically solve by spending money. You may have a different outlook on spending after finishing this challenge.