If you’re having trouble sticking to good financial habits, money blog The Simple Dollar suggests doing something akin to finding a jogging partner: Find a money buddy.
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Money buddies are often someone close to you, such as a family member or a friend, who are going through a similar financial situation. The Simple Dollar poses 12 tangible and intangible benefits of having one. Money buddies offer positive encouragement and support habits such as eating “out” at home or sharing a membership together — but money buddies can also net psychological dividends as well. It can be hard to carry the burden of financial stress alone, and having someone to talk to can relieve some tension. It’s a good source for staying on track, since you can hold each other accountable for your actions.
In lean and tough economic times, your money buddy just may give you that pep talk you need. Have you ever had the equivalent of a money buddy? Let’s hear about it in the comments.
Twelve Ways a Money Buddy Can Really Help [The Simple Dollar]