Hi everyone! My friend group takes a trip each year as “vacation”. Typically, it’s inexpensive and Venmo works best to pay each other back. But this year, we’re going to NC to celebrate a friend’s graduation from Med school and spend some time on the beach.
The trip is definitely more expensive than our weekend at the lake. As a result, I wanted to give everyone the option to pay a little towards the shared costs in advance. I researched a few options (tried to make a second Venmo account ?)! Here’s my winner: Paypal! I don’t use mine often, but I’ve got a second checking account from college that I never use. So I added my account to Paypal, and ta-da! Friends can send money to my paypal, I can either transfer it to the checking account or leave it in PayPal until May. This only works because (1) I don’t use the checking account and (2) I rarely use PayPal so the money can be safe there for a few months.
We’ll be paying into shared costs like rental car + gas, hotel and AirBNB reservations, and groceries. We typically estimate before we leave and have everyone pay the estimate in full. Whatever is left at the end, is divided up and split back up among us.
I’m curious, what methods do you all use to pay for group trips or vacations?