I have heard of this before and to a certain I agree where for a lot of people most of their spending habits are directly influenced by the type of people one regularly associates with. Example, rowdy people are more likely to spend a lot of money on parties and high fashionable items.
So just recently a person told me that he was going to try and alienate a large portion of his friendship circle for a few months and only hang around people who are debt free. Therefore, he wants to see if this will actually make a significant improvement to his financial situation as maybe their habits will rub on to him too.
I never had to do anything like this. One thing is for sure though, whenever I hang around people who just seem to spend spend spend I will naturally tend to spend a little more too as many times you donâ€™t want to come across as being say rude. Example, if someone orders like a huge meal and you are not hungry you will be inclined to order something just to not make them feel awkward.
Iâ€™m interested in seeing how this turns out for him.