Dealing with those who deplete your resources part 5

By Faeza
11 August 2015

Most of us have a person in our life who causes us to spend more than we can afford to. Although we may care for them, we cannot escape the fact that every time we come into contact with that person our purses feel a little lighter.

“The good news is that, while you may not be able to change their behaviour, you can learn to manage how you respond to them,” says Cebisa Mfenyana from Metropolitan.

Cebisa offers advice for dealing with the financial foes in our lives.

Borrowing Betty

Betty is the friend who always seems to be short of change. R5 here, R10 there. Because it is such a petty amount, you give in – everytime – and write it off. After all, who wants to look like a scrooge and ask for R5 back?

“Of course it is good to be generous, but if a friend like Betty is consistently taking advantage of your kindness, you need to be firm,” advises Cebisa. “Small change over time can add up significantly. We all have something that we are saving for – next time Betty asks you for R10, tell him or her that all your spare change is going into your piggy bank to support your savings goal, but they are welcome to borrow the money if they sign an IOU and promptly pay you back the next day.”