I’m sure many of us have taken group trips this summer. I know that I have! One of the things that I learned this summer is that paying people back for expenses is key. Remember to pay back your friends on time.
One of my trips this summer, I paid for rental car and gas. It wasn’t an outrageous amount, I was owed about $100 in total. But my Visa bill had come and gone and still no cash from my buddies.
Reminders (all 3)
Right after the trip, I sent out an email tallying all parties’ expenses (aka mostly my expenses therefore please pay me :) ). No response.
After a week, I sent out another reminder and suggested e-mail transfer for ease since I didn’t see these individuals often. One response that one of the individuals would pay me at a group outing. Fair enough. Except they forgot.
After 2 weeks, I sent out (yet another) reminder for payment via e-mail transfer and offered to “eat” their bank fee (i.e., pay me the amount minus bank fee). I was willing to lose out on $1.50 if I can have my $100 back thankyouverymuch. Though, I wasn’t super happy with this option (I was hoping people would feel guilty and just pay me!).
Forget about it?
My only fear was that this would pass and since it wasn’t a “huge” amount of money, people would forget. Except me. Needless to say, I was a bit peeved at the whole ordeal. I felt like I had to “beg” for my money back.
These aren’t people I see on a regular basis, and since it’s been forgotten once (when we met up), it’s likely that it can and will be forgotten again – if not entirely. Maybe I am over reacting, but that was my fear.
Am I over reacting? I’m sure that in the past, I would have let payments go just because I forget about them or I didn’t want to keep asking. But this new PF me is getting my money back!
How do you deal with group expenses? Do you follow up on payments or are you more lassez-faire and figure things will balance out in the end?