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Forbes Talks
Etiquette For Splitting Bills And Lending Money
Mar 20, 2024
Personal-finance expert Matt Schulz discusses navigating money with friends and family. Topics include clear communication for fair bill splitting, empathy for financial differences in friendships, setting boundaries for financial assistance, openness in discussing financial situations, and the complexities of borrowing and lending money within personal relationships.
17:07
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Quick takeaways
- Communication is key for fair bill splitting in group settings.
- Approach lending money to loved ones with clear boundaries and empathy.
Deep dives
Etiquette Norms in Splitting Bills
When dining out in group settings, it's crucial to communicate openly about splitting bills to avoid awkward situations where someone ends up paying more than expected. By discussing and deciding on the bill-splitting approach beforehand, such as evenly or based on individual orders, everyone can feel comfortable with the payment arrangement. This proactive communication helps prevent misunderstandings, ensuring fairness among diners.
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