Proper Etiquette If You're in Debt

Let's face it; there are plenty of us out there that are in debt or close to it. What are some of rules to proper etiquette if you don't have much in the bank? Just because you have to watch every single penny doesn't mean that you can't go out with friends or spend time out of your home. I know, sitting in your living room watching DVD's will save money, but you want to be able to go out a few times to stay sane. Here are some of the rules to proper etiquette when you're watching your budget.

Dining Out

What is the proper etiquette to dining out when you are strapped for cash? It depends, if you are dining out with a close friend that you see often, it's okay to split the bill. On some occasions you may spend more and other times, she may spend more.

If you are out with a large group, it's okay to ask for separate checks. This way everyone can pay for what they ordered. Just make sure that you ask the waitress if you could have separate checks instead of waiting till the bill arrives. Telling the waitress before you order will eliminate the awkward moment at the end of the meal when the others in the group have had a three course meal, and all you had was a salad. By asking before-hand, everyone will know what they will pay at the end of the meal, there will be no surprises.

Lending Money

What is the proper etiquette for lending money out to a friend in need? Say you have a friend that asks to borrow $300. This situation is a tricky one, and it depends if you are willing to never get that money back. With friends asking to borrow money, the first thing to remember is the possibility that your friend won't repay you. What you could do instead is only give her half of what she is asking for, such as $150 and then ask her if there is any other way that you can help her out. Maybe suggest helping her with a garage sale to earn the rest of the money she needs. The main thing is to never put yourself in debt to help out a friend. If you really want to help out your friend and want to lend her the full $300, suggest that you write up an agreement between the two of you to pay it back in installments. That might seem like a stretch, but if you want to see your money again, make it official and you will have a better chance in seeing your money again. Your finances and your friendship will stay intact.

Sources: Etiquette Know-How, Whatever Happened to Etiquette?

Glamour Magazine