Most people wouldn’t bat an eye lid over a joint bank account between romantic partners, but what about sharing money with friends?
Greta May has gone viral on TikTok after sharing her experience doing just that.
The influencer transfers $15 a week into a savings account she shares with two of her best friends.
The three girls live in different states and decided to jump on the idea when they heard that other friends were doing it.
The money they accumulate in the shared account goes towards expenses like flights and accommodation for a girl’s trip to see each other.
Greta told news.com.au the friendship budget has been the “best thing” because not having enough cash is no longer an excuse for not catching up.
“If we are in the same state for a couple of days we catch up, and because our money builds over time, when we see each other, it is like it’s free,” she said.
While Greta recommends the system, she stresses the importance of being able to trust the person who is in control of the account.
The 29-year-olds controversial financial advice might not be as unusual as once thought, with people commenting on Greta’s video saying they could relate.
“We have 7 best friends doing $50 a month and we are 18 months into planning a girl’s trip, such a great idea,” one said.
“My best friend and I do this and we call it a friendship fund,” another shared.
One person added: “My friends and I throw in $39 per month. We have done it for three years and no withdrawals.”