Mixing money with friends can often lead to disaster. Like when you split the bill and one of your friends shortchanges you. Or when you come to the frustrating realisation that Mike from accounting is never going to cough up the $20 he owes you for Sharon’s farewell gift.
Luckily Julie Tylman and Ali Linz, co-founders of GroupTogether, have shared their expert tips to help you navigate handling money with friends, so you’ll save money and never get shortchanged again:
1. Do your homework.
Get a better understanding of who’s in your group – exactly how many people are you collecting money from and when? This will help you down the line when you need to collect the funds.
