When going for a trip with friends, how do you manage the expenses?

Having fun - Having fun with friends and families
@smilyn (2964)
United States
September 8, 2008 7:02am CST
We plan outings with friend's families by forming a moneypool. We calculate an approximate amount for expenses and share it. We form a moneypool and every family puts their share in it. A single person would be looking after the expenses for the whole journey through the moneypool amount. How do you meet out the outing expenses? Does someone bear all the expenses or do you form any moneypool?
1 person likes this
4 responses
@Ravenladyj (22937)
• United States
8 Sep 08
We split the costs BUT if one of us wants something seperate or extra then its up to that person to up the money (like buying things like gifts etc)....
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@smilyn (2964)
• United States
10 Sep 08
Yes, personal expenses can be allowed separately and the other common expenses can be shared.
@chinniR (661)
• India
8 Sep 08
hey smilyn. generally we share our expenses. i go out a lot with my friends and every time we go to a place anyone will spend the money for the day. the next time someone else will. sometimes we equally share the expenses. when it comes to money it could lead to problems, so it's better to share the expenses. happy mylotting friend. have a nice day!
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@smilyn (2964)
• United States
10 Sep 08
You are right. Money can lead to conflicts among friends. It would all be smooth as far as you don't get any problem. When if some misunderstanding arise on the basis of money, everything will be seen as wrong one. It is a good idea to take turns while spending with friends.
@anneshirley (1517)
• Philippines
8 Sep 08
My group of friends decided that we should have a monthly meeting and during these monthly meeting, we would chip in on all the expenses dividing in equally to those who are present but often times, we would buy foods or something to drink that will be shared by all out of own pockets. We don't really talk about money much or who is richer and who is poorer. What is important is that we are enjoying with each other's company and money is not an issue.
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@smilyn (2964)
• United States
10 Sep 08
That is true. I too have seen friends like yours. They never care about money. They share, love and spend for each other. They never even ask for the money again. May be they are able to spend much fro friends as they don't have any other commitments. They are not married and they don't have a family which depends on them. So they love fun and enjoy. But I have also seen friends who give details about each and every expense then and there and share it. Since the whole set of friends are alike, they don't have problems too..I think it all lies in how they handle their friendship and the friends.
@lazeebee (5468)
• Malaysia
8 Sep 08
Yup, we share out the expenses. We don't start with a pool, as we can't be sure how much money would be involved; or who to handle it. Whoever pays for the food or utilities during the trip, will keep a record of their expenses; and at the end of the trip, before we separate,we will split up the costs. We could only use this method, with close friends whom we trust; so that there won't be any misunderstandings, especially when money is involved.
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@smilyn (2964)
• United States
10 Sep 08
This is a good practice too. But needs lots of trust and understanding. And yes it can be followed with close friends only. When everyone is loyal to friendship and does not try to cheat, everything will go smoothly. When someone makes a mistake it will ultimately break the trust the othe rmembers have on the person. It may also give way to misunderstandings and conflicts.