Seven Smart Ways to Set Spending Boundaries With Others

This article offers tips for managing spending with family and friends.

You can suggest fun activities that cost little or nothing.

Decide how much you can spend on gifts for the year and tell people early.

If an invitation costs too much, explain your choice politely.

If you lend money, agree on clear repayment rules or lend only an amount you could manage not to get back.

For group meals or trips, decide how bills will be divided before spending.

You can also set aside a monthly amount for social plans.

When that money is gone, say no to more paid activities until next month.