Some people might be a hazard to your financial health, but you may not have noticed their negative impact on your wallet. This is because we focus so much time and energy on these individuals that it becomes difficult for us to think about anything else when there’s no conflict between ourselves and those close by or far away from home!

We love our friends & family – even though some of them can potentially harm us financially if left unchecked- it’s essential to make sure everyone knows how their actions affect others before any damage gets done.

It’s not always easy to become wealthy, but you’ll find plenty of tough conversations and clever tactics for dealing with those who want your money.

Watch out for these folks in your life:

1. The struggling businessman or woman. This person is full of great ideas that seem worthy of a small investment. Unfortunately, having great ideas and executing them are different skills. Avoid investing money that you’re unlikely to see again.

• Solution: Let the future Donald Trump know that you’re uncomfortable investing in a business that isn’t even off the ground yet.

2. The partier. The partier barely needs an excuse to celebrate. Cleaning the closet is a good enough reason to head out on the town and drag you along for the ride.

• Solution: Show up for the celebration but limit your expenditure to a soft drink. Most places will provide free refills. Another alternative is to say, “Thanks, but no thanks.”

3. The charity case. This person is constantly collecting money for worthy causes. He’s climbing Mount Everest to save the antelope and needs $1 for every vertical foot of ascent. 

• Solution: If you don’t have money for the cause, assist with your time or tell them that you can’t contribute to every cause. Support charities that are close to your own heart and decline the rest.

4. The fancy gift giver. Most of us exchange present of a moderate value with our friends and family. This person goes overboard and spends way too much money. By way of guilt, you’re forced to reciprocate and blow your gift-giving budget. 

• Solution: Suggest a dollar amount limit or let them know you’re uncomfortable with such extravagant gifts.

5. The encourager. Have you ever been torn between spending much money on an item and keeping the money in your bank account? The encourager always seems to talk you into buying that item you want but don’t need. All the while, they think they’re doing you a big favor. 

• Solution: Keep your shopping dilemmas to yourself.

6. The wealthy friend. Your budget might call for a movie rental and a frozen pizza, but the wealthy friend doesn’t want any part of frugality. She likes to go to the expensive wine bar and eat the fancy sushi that runs $200 per pound. It’s embarrassing to say “no” all the time.

• Solution: Be honest and let your friend know her tastes are simply out of your budget.

7. The moocher. This person eats the food out of your refrigerator, borrows your tools and never brings them back, and always needs $5 for various reasons.

• Solution: Say no

Communication is vital when it comes to dealing with people. You can either tell them that you don’t have the money or prefer keeping your savings account balance high, and they’ll get over it quickly.

You are the only person who can keep your finances in check. Don’t let people from dragging them down, stand up for yourself and be back on top of things!