the good thing with affordable monitors is that, if they don't sound ideal, you can console yourself with not spending a lot for them--not to mention that they're easier to sell or swap.
for friends and your personal enjoyment, i suggest that you focus on the musicality of your creations. who wants a memorable sound if your songs are utterly forgettable?
i remember this "audiophile" who spent tens of thousands of dollars on a pair of wilson speakers (>$10,000). do you want to know what he used to test the truthfulness of his speakers? a cd of a cow going "moooooo".