Valam
Trips, flats and dinners all create small debts. Left untracked, they turn into resentment. A little structure keeps the money simple and the friendship intact.
Agree the rules early
Decide before the trip whether you split equally or by what each person used. Say it out loud once and it rarely becomes a problem.
Record it the same day
Memory fades quickly. Note who paid and who shared the cost right away, with the amount and a short reason.
Simplify the debts
If A owes B and B owes C, A can sometimes pay C directly. Simplifying reduces the number of payments for everyone.
Settle with confirmation
A settlement is real only when the person receiving the money agrees it arrived. Confirmation avoids the classic argument about whether something was paid.
Valam keeps a clear ledger of who owes whom. A repayment counts as settled only after the receiver confirms it.
#split expenses#friends#IOU
