Big Money VS Little Money

by Stacy Francis, CFP®, CDFA

There is always that friend that makes a little bit more than you or maybe you’re the one who makes more. Regardless, once in a while that feeling of awkwardness arises when it comes time to paying the check or deciding where to go for the night. Wealth differences can drive a wedge between even the closest friendships, where even a sociable lunch can feel weird. However, there are many ways to sustain your friendship without the feeling of guilt or resentment. If You Make Less

  • Be Honest- If you cannot afford it then just say so. Remember, you did not become friends with the opening line: “how much are you making?” Simply say: “Sorry, not tonight.”
  • Give A Little- If you cannot afford to split the check, say so beforehand and offer to pay for something else—the tip or the wine. If you get invited somewhere and he’s paying, contribute in other ways by making reservations.

If You Make More

  • Sometimes, Suggest Burgers- You don’t always have to choose the expensive places to eat-- try out a cheap place but make sure you don’t make your friend feel sorry for his or herself. Make it known that quality time is the principal.

Treat With a Purpose or Just For Fun-Treating too much can make your friends feel inferior, so give an excuse—a late birthday gift or a thank-you favor. One of the perks of being wealthy is the ability to be generous, so make sure you treat it lightly, like it’s no big deal.

Savvy Ladies


Stacy Francis, CFP®, CDFA

Stacy Francis is the Founder, CEO and President of Francis Financial, Inc., a Wealth Management and Financial Planning firm. With over 18 years of experience in the financial industry, she is a CERTIFIED FINANCIAL PLANNER™ (CFP®), a Certified Divorce Financial Analyst™ (CDFA™), and a Certified Estate Planning Specialist (CES™). She is the Co-Director of the Association of Divorce Financial Planners’ (ADFP) Greater New York Metro Chapter and a member of the Women Presidents’ Organization (WPO) and an honoree member of the Private Risk Management Association (PRMA). A nationally recognized financial expert, Stacy has appeared on ABC News, CNBC, CNN, PBS Nightly Business Report, The Today Show, Good Morning America, Fine Living Network, and The O’Reilly Factor. Stacy attended the New York University Center for Finance, Law and Taxation.