Growing up, we’ve heard it countless times before to not borrow out money to friends, but anyone who tells you so may have yet tried going on a vacation with 10 people or split a bill six ways.
At some point in life, you or your friend may start owing each other money; in a perfect world, it would be resolved quickly, but this clearly doesn’t always happen. Undercertain circumstances, things may go out of hand, here’s how you should handle it.
Follow up, with good intentions
It may be easy to get fired up on how a bad a friend is when they’ve owed you money for up to months. In most cases, they’ve just forgotten about it and would be even more stressed out to know that you are stressed out too about bringing up to them.
Approach with an open and neutral tone. Utilize e-wallet platforms to send a request and if a few days go by without response, you could approach or contact them by saying “Hey, I’m not sure if you saw my request from Monday for the hotel stay in Penang, but would you mind accepting that?”
Be firm with your requests
If you’ve done so a few times and you get the message that they are clearly avoiding the payment, it would be totally reasonable to ask the following:
“I hate to keep bugging you about this, but I really need to be paid back for the drinks from last month. I’m not sure what’s going on, but can you just me right now?” (A good option if the conversation is happening in person.)
“Hey, when we talked the other day, you said you’d pay me back on Friday. We’ve been going back and forth about this for weeks now… what’s going on?”
If it doesn’t play put the way you want it to be, it’s justified in continuing to bug them for it because it’s perfectly logical for you to want your money back!
If someone tries to dodge your request with a shameful, “It’s just RM20, chill,” you can say something like, “If it’s just RM20, then why won’t you give it back?” You don’t have to drop the subject to keep the peace (or ever loan them money ever again).
If things do in fact turn sour, learn from the experience
Meaningful friendships in our current society means the occasional pushing of our boundaries and feelings. If friends do in fact react badly or you discover that you’re both on different pages when it comes to dealing with money, that’s valuable information to hold on to.
You may realize that as much as you want to recognize this friend for the fun and loving personality he or she has, you may never want to go on a vacation or go out for a group meal together with them ever again.