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Home News

Is Money Ruining Your Friendship?

by Genevieve Nunis
February 3, 2013
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There’s a reason why friends and business deals don’t go together like paper and glue. You’ve seen The Social Network, right? Whether it’s just someone who comes up with an excuse about not having enough money after dinner, refuses to go dutch, or even someone who constantly asks you for money, friendship and finance is never a good idea. But we’re not saying that all of these circumstances are bad news. There have been successful businesses where friends are able to put their differences aside and focus on success. Maturity helps, of course.

But if you’re not at that stage where cash is turning into an issue in your relationship, here are some simple tricks that will help keep the money troubles away from getting in the way of your weekly girls night.

Never Lend Money You Can’t Afford to Lend
As a friend, one of the biggest roles you play is being the first person to help a bestie in need. We’ve all had our fair share of ‘I’ll pay you back’ promises, but can you count the number of times that they’ve followed through? The problem with this statement is that it’s a promise, but how do you justify a promise you can’t keep?  We’re not saying that you should help out a friend who needs money, but take note of their financial situation, and most importantly, yours too. If you can afford to not use RM200 for a month, then by all means, help her.

Always Discuss Finances Before Outings
Always be honest about what you can afford. It’s pointless to be embarrassed about what you can or cannot afford, and if your friends can’t accept that, you should consider their position as your friends. Trips out of town can be difficult with unresolved expenses, and that can lead to a lot of tension within the group. We suggest always splitting the bill.

Give and Take
Sometimes when you’re feeling generous, you treat your friends to dinner. But what is the etiquette for giving it back? In some cultures, when a friend invites you to a meal, it could mean that it’s their treat, but you can always offer something in return. In most of these occasions, it’s not the value of the treat, but it’s the gesture of showing gratitude.

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