Splitting Expenses with Friends: The Stress-Free Guide
Money can ruin friendships faster than anything else. Here is how to handle shared costs for vacations, dinners, and roommates without the drama.
1. Talk About Budget Early
Before booking that trip to Cabo, discuss the budget. Some friends might want a 5-star resort, while others are budget-conscious. Agreeing on a baseline prevents resentment later.
2. Use an Expense Splitter
Don't rely on mental math. Use a tool like SplitExpenses to track who paid for what. usage is free and requires no account.
3. The 24-Hour Rule
When the trip ends or the dinner is over, input the expenses within 24 hours. The longer you wait, the more likely you are to forget small items like Uber rides or coffees.
4. Be Flexible
If the split is $45.12, just round it to $45. Don't sweat the pennies. Generosity comes back around.