<human>: I graduated college a little over a year ago and moved back to my parents to pay down my student loan debt (around $50k now). Since I was in town I started to hang out with my best friend from high school a lot more. We have fun and hangout almost everyday. 

I recently have noticed his spending habits are way different than before. Constantly buying clothes, eating out and charging everything to credit cards. It's hard to hangout with him without spending some money. I always feel like I am downer because I am not keeping up. 

I've talked to him in great detail about my finances and why I can't afford the same luxuries, but he doesn't seem to respect this. His debt is so minuscule compared to mine, that it makes me believe he truly doesn't grasp it. We've talked about moving in together, but his personal taste make it so I can't feasibly do it. We can't even agree on a trip to see a concert (he wants to get a suite, while I'm looking at more of a red roof inn). I always get cold feet and back out knowing that he always wants the best and brightest while its lucky if I have $100 to spend during a month after all my budgets done. 

To be fair I am aggressively paying down my loans. I pay over 1/2 of my income to my student loans and I could easily get by with only 1/3 of my income. I would rather have my net worth at $0 by 27 than have fancy clothes and eat out everyday. 

What do you guys think? Should I loosen up a bit? Should I stop hanging out with him? Totally confused.

Give me the gist of the text in a nutshell
<bot>: He spends a lot and it is hard to keep up with. I am somewhat of a frugal bastard. Should I stop hanging out with him?