My friend
This is along the lines of NIUiceprincess’ post.
I know this person in my life. I would consider her to be one of my good friends, but I worry about her. She has no concept about finances and she is definitely not planning towards the future. She has nothing saved for retirement, no emergency fund, at least $15,000 worth of debt, and just bought a new car. Oh, and she’s unemployed.
This frightens me, but I never want to talk about it with her, because she can get quite defensive. It makes me upset. I’ve been planting seeds, like Nancy suggested; mentioning an emergency fund, casually bringing up retirement, etc. Nothing is working, and I don’t want to see her ruin her future just because she doesn’t want to think that far ahead. I also don’t want to become the snooty friend who only cares about pinching pennies and having no fun, because that’s not fair. When I owe money to someone else other than myself, it’s my duty to become best friends with my money. That’s not being a downer, that’s just being fiscally responsible.
I don’t know what to do. I guess it’s none of my business, and I shouldn’t stress out about it, but I want what’s best for her. I don’t even know if she reads this blog (in a way, I hope she does, but mostly I hope she doesn’t) … and maybe I should just let it go. Some people just don’t care, afterall. But I can’t help but cringe when I think about all those pay cheques gone to waste and all the frivolous stuff she buys. A fraction of that amount could have gone into an RRSP and she probably wouldn’t see any change in her lifestyle at all. And what about all those years she was working full-time and not going to school? She wasn’t able to save a penny? I mean, sure her clothes are nice, and she has a nice car, but none of that’s going to matter 30 years from now.
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