How to Handle Friends and Money

So there were many times where I’ve been to Fort Young or Escape Bar and Grill with my friends and we’ve had to split the bill. We’ve done this on MANY occasions and there were no complications. I love how my friends operate because they are all SMART & very INDEPENDENT ladies who know how to do things. 

BUT… I’m sure there are persons who have been in awkward positions with their friends concerning this MONEY situation and didn’t know what to do or how to handle it effectively. SO LET’S TALK!


You get invited to a BIRTHDAY DINNER for your friend at Old Stone Restaurant. You’re low on money, so you stick to the cheapest thing on the menu and just one drink (maybe even water). When the bill comes, the group somehow decides that it’s “easier” to split everything.



How to handle this situation:

Be honest and tell your friends you’re on a budget ahead of time. This way, it won’t come as a surprise if you order less than everyone else. For example, you can say, “I’m working on saving money but I want to be there so I won’t spend as much.”

Once you’ve laid your financial state out on the table, here are a couple options for dealing with splitting the bill when you go out with friends:

  • Agree ahead of time to split the bill based on how much each person spends.
  • If you really don’t feel comfortable splitting the bill down to the exact penny, consider budgeting for situations like this. This way, you’ll be prepared to spend more on the group meal.
  • As a last resort, you can always say no to an invitation and propose something that is more budget-friendly at a later date


It’s MONTH END and your friend calls you. You know the one – never has money but always at an event wearing the longest weave and the latest clothes. Well, she needs money for rent so she asks you to help her out. You want to help your friend but you’re not a bank. So what do you do?

How to handle this situation:

As difficult as it may be, you should probably say “NO” to your friend.

Lending money to friends is risky and what if she can’t pay you back? Or how would you deal with seeing her on Instagram rocking a new weave from THC– most likely spending the money you just loaned to her? It might seem awkward and she might not take it the best way, but you can simply say “I don’t lend out money. That’s my own little rule.” If it is a small amount worth risking then you can certainly consider lending the money to her, but just make sure lending the money won’t put you in a tight spot.

One thing I always learned is that when lending out money you should always expect to not get it back. So are you really willing to lose $1000? #ThinkAboutIt


I swear if it’s one thing I hate is to approach someone for the money I lent them over 2 months ago. You might as well just keep the money! BUT there are some times where we cannot be as generous and need to remind a friend that they owe us. So how do we go about asking?

How to handle this situation:

Instead of spewing to other friends about how much money your friend owes you, bring up the situation to them as an afterthought. For example, you can say something like “I had a good time at [trip/event/dinner,etc.]. We should do that more often. Oh by the way do you want to Mobank me your portion of the [ticket/bill] or you have the cash now?.” It’s as simple as ABC.


As we get older, our friends may get involved in certain commitments and may need our help.

At some point, a friend may ask you to co-sign a loan for them. A co-signer is typically someone with good financial standing and if you fall within that category, you could take on that commitment with your friend and help them get approved for a vehicle loan or perhaps even secure a student loan.

This may not seem like a big deal, but, before you co-sign a loan, it’s important to realize that, as the co-signer, you are legally responsible for the loan.

Therefore, if your friend is delinquent on payments, or, (as some people have already experienced) run away from the country and never comes back without paying a single cent on the loan, guess what? You’re now paying a loan for someone else.

How to handle this situation:

Just say no!

Remember what I said earlier about lending money? A similar principle applies. If your friend is not able to pay the loan, would you be able to comfortably take on that commitment? If not, be polite but tell them straight up that you cannot do this for them.

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