Editor’s note: This is a transcript of the audio file.

Are your friends making you broke? Believe it or not, you can say “no” without losing them. I’m Clark Palmer with your Bankrate.com personal finance minute.

Going out to lunch is a great way to bond with co-workers. But even if you spend just $5 a day, that’s $1,300 a year. An alternative is to save lunch out for Fridays.

If your book club or your kids’ sports team makes a habit of eating at pricey restaurants, you could suggest having a potluck once a month at your house.

And what if your old college pals want to chip in on a condo at a pricey resort? If you can’t afford it, you can suggest a more affordable option or location.

Maybe you’re itching to get a shiny sports car to compete with the one in your neighbor’s driveway. But you’re better off maintaining the car you have. New cars lose almost $400 a month in depreciation for the first four years.

You also don’t need that hi-tech cell phone to keep up with your friends. If you’re on a tight budget , consider a pay-as-you-go cell phone.

For more budgeting tips, visit Bankrate.com. I’m Clark Palmer.