Tuesday, November 30, 2010

Making Etiquette Easy: Backing out of Financial Commitments

Image from Askville.amazon.com

While it's never fun to be the 'party-pooper' when it comes to doing fun things with friends, sometimes we find ourselves on the outskirts of the planning process and miss the memo about pricing. So if you find yourself in the runnings for splitting a big bill without your consent, it can be tricky to navigate a way out. If you have to say no, here's how to do it with class:
  • In a perfect world, it's best to state your intentions up front, before the planning gets started. For instance, if a group of friends wants to go to Mexico next summer, let them know that your interested but that you have to stay within a set budget. Or if you worry the funds could get muddled, perhaps you state that you are considering buying your own lodging/food while there. This notifies the group that they cannot just lump you into the sum without permission.
  • If the planners do make reservations without your consent, contact them immediately. Don't let things sit and stir as there still might be time to fix the problem. Let them know you misunderstood. If the cost is non-refundable and you do feel like you misled the others, offer to pay cancellation fees or even a portion of the trip cost- still much cheaper than actually going.
  • Never borrow money to afford the trip.
  • If you do decide to go or participate, don't be embittered towards the others in the group. Try to be a good sport and the next time there is a financial collaboration, offer to help organize so that you can control what is spent.

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