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Why adult friendships are so expensive | Taboo money chats with Gyan Yankovich

HOSTS Maddy Guest & Sophie Dicker|4 June, 2024

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You can’t put a price on friendship, right??? Whilst our hearts are saying yes to every new restaurant, Saturday night gig, or weekend away that someone sent into the Whatsapp group, our brains are frantically subtracting what another night out might set us back with just one week left until our next paycheque.

On today’s episode we chat with Gyan Yankovich, author of Just Friends, about the cost of friendship. We discuss the changing dynamics amongst friends in your late 20s and early 30s, as money priorities can shift depending on whether you’re saving for kids or stockpiling for your next holiday. We talk about the financial cost of making new friends, when the emotional cost is already high of hanging out with people you don’t know that well. And we discuss why having conversations about money with your friends can be such a valuable and important thing to do.

But the conversation doesn’t end here… We want your thoughts!

Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). 

You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter – subscribe here.

And whilst you’re on your phone, why not download Australia’s highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms

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In the spirit of reconciliation, Equity Mates Media and the hosts of You’re In Good Company acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

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You’re In Good Company is a product of Equity Mates Media. 

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. 

Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. 

Equity Mates Media operates under Australian Financial Services Licence 540697.

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More About

Meet your hosts

  • Maddy Guest

    Maddy Guest

    Maddy lives in Melbourne, works in finance, but had no idea about investing until she started recently. Her favourite things to do are watching the Hawks play on weekends, reading books, and she says she's happiest, 'when eating pasta with a glass of wine'. Maddy began her investing journey when she started earning a full time income and found myself reading about the benefits of compound interest in the Barefoot Investor. Her mind was blown, and she started just before the pandemic crash in 2020. What's her investing goal? To be financially independent for the rest of her life, and make decisions without being overly stressed about money.
  • Sophie Dicker

    Sophie Dicker

    Sophie lives in Melbourne, and enjoys playing sport, and then drinking red wine immediately after finishing sport. She works in finance, but honestly had no idea about investing until her partner encouraged her to start. She says, 'my interest has only taken off from there - I find it exciting… I mean who doesn’t like watching their money grow?' Her investing goal is to build the freedom to do things that she's passionate about - whether it be start a business, donate to causes close to her, or to take time out of the workforce to start a family. Right now, there’s no specific goal, she just wants to have the freedom when she'll need it.
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