Focus on your long-term goals
You can reduce the time it’ll take to pay off your debt by cutting down on less important expenses.
Knowing that you have a goal of paying off debt may make it more likely that your friends will support your thriftiness. They’ll understand that it’s hard work to achieve a goal like this.
Keep money for a night out seperate
To reduce the risk of overspending during a night out, consider opening a basic bank account and move your ‘socialising’ money into this account. This’ll help you keep a closer eye on how much you spend.
Another way to avoid overspending is to take cash rather than a debit card.
Look out for pub deals or discounts
Do you know what bars or pubs you’ll be going to? Check out their websites and see if they’re offering deals on drinks. If you sign up to a pub’s mailing list, they might occasionally send you vouchers for free drinks or cheap meal deals. Try downloading their app, if they have one.
Eat a good meal before you go out
Lining your stomach with a solid meal should reduce the chance of you getting tipsy too quickly. You’ll also be less likely to splurge on greasy takeaway food later in the evening.
You might be really hungry when you get home from your night out, so have something ready to eat ahead of time. For example, you could cook a pizza in the oven while you’re getting ready to go out, and then put it in the fridge to warm up later.
Don’t get in a round of drinks
Buying rounds of drinks can quickly become expensive. If someone offers to get you a drink, politely decline. That way, you won’t get looped into buying everyone a drink next time you head to the bar.
If you feel guilty about not getting a round of drinks in, you could agree to buy your friend a drink if they’re willing to buy you a drink in return.
Find an accountability buddy
Will there be a big group of friends at your night out? Do you feel comfortable telling one of them that you’re trying to stick to a budget? Chances are someone in your friendship group is trying to save money too. Tell them that you’re keeping an eye on your spending.
Have water or a soft drink in-between alcoholic drinks
One way to save money on drinks is to have a soft drink between alcoholic beverages. Pubs and bars are also required to give you a free glass of tap water if you ask for one.
Have party outfits you can mix and match
Nights out often become costly if there’s pressure to wear a new outfit each time. Aim to have items of ‘party’ clothing that you can wear in different combinations. For example, you can combine your favourite dress with different tights, heels or boots, or various accessories.