I'm concerned for one of my besties Kendra (name change for identity sake) but I find it hard to approach her about this topic as she isn't as welcoming to criticism as she like to think she is.

To give some background, she is currently living with me at a very discounted rent rate. 40% off market prices. I throw in extras like utilities and monthly cleaning. We get along very well and I've come to learn more about her financial situation which to be quite honest is quite risky.

She is currently working as a freelancer and gets by if the winds of fortune carries her, otherwise there are months where it's just nothing. She is also currently embroiled in a rather complicated housing mess with her parents where her mum and her are sueing her dad.

Now Kendra also has a rather bougie appetite for the finer things in life and has a tendency to be abit too generous with shopping, parties and drinks. Her idea of saving for the future is playing in stocks which she has very little education on.

I'm worried for her and I'm more than willing to let her live with me for free but I'm also concerned if this keeps up she won't be able to manage herself financially in the foreseeable future. I understand she wants to keep up with this image cos her peers doing better financially but honestly we don't care so much for lavish parties all the time.

How can I tell her she needs to cut back on shopping and parties and think of alternative income and also most importantly SAVE? All this without sounding like a nag?