8 Friends Who Drain Your Wallet

Are your friends bad for your wallet?

We all know them: the bridezilla who forces her bridesmaids to pay $500 for their gowns, the hapless friend who “loses” his wallet whenever the dinner check comes around and the spouse whose shopping addiction is threatening your mortgage, not to mention your marriage. In the world of money, these well-meaning friends do more harm to your wallet than good, and it goes without saying they can damage your self-respect, too. We decided to round up these common culprits by asking a few readers to share their tales of wallet woe. The stories weren’t pretty, but thanks to our arsenal of personal finance experts who lent a sympathetic ear and their sage advice, these readers should never feel peer-pressured to overspend again and, more importantly, neither will you. Photo Credit: Getty Images


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