19. Buying Something Just Because Your Friends Have It

Your friends may have new phones, cars, clothes, watches or other expensive items.

That does not mean you need them too.

Everyone has a different income, family responsibility and financial situation.

Comparing yourself with other people can lead you into spending that you cannot sustain.

Instead of asking, “Why don’t I have what they have?” ask, “What can I comfortably afford right now?”

That question can save you a lot of money.