Touch is the hardest thing to keep when it comes to money matters. Here are some expert tips on financial etiquette on how best to deal with difficult situations. In a restaurant, your friends suggest dividing the cost of food evenly but your food costs less. The same thing happens if you regularly have lunch with friends and the price of your food usually is almost the same as theirs. You do not want to be the person who is taking out the calculator.
However, it is okay to ask your server for a separate account before the meal if you often go out to eat with people who tend to order the most expensive meals and drinks. In fact, your tablemates will appreciate being able to order everything you want without feeling like an imposition.
You are asked to contribute a group gift in the office, but you do not get along with that person. You are under no obligation to participate or explain your reasons for rejecting the application. The organizer should not press you. Talk to your trusted colleagues if requests for money in the office become overwhelming. Most likely, they will feel the same way. In that case, you might suggest modifying the practice instead of eliminating it, such as having an office party once a year instead of buying a gift or going out for lunch whenever a partner has a special occasion.
A friend asks you to support your favorite cause but you prefer to choose your own charity activities. Saying ‘no’ politely is an acceptable response. You can explain to your friend the reason, but it is not necessary. However, be diplomatic. If you are rejecting him because you do not like charity do not speak ill of a cause that is obviously important to the person. Soften your response by congratulating your friend saying that he admires your generosity. Moreover, keep in mind that if that person has donated to their causes in the past there is an expectation that their contribution will be a bit higher.
A family member asks for a loan but you are not comfortable giving a loan. Most likely the person applying for the loan feels just as uncomfortable as you do. You are probably the last resort and nobody wants to. Understand when you say ‘no’ and do not lie about your reasons. For example do not say that you do not lend money when you have done it in the past.