Best way to split costs during travelling

fixit_fiona

With 3 people due to go travelling this summer, we're at a bit of a loss as to how to split our funds. We're going to be sharing tents, food, fuel, etc, so in theory everyone will pay equal. One option is to open a bank account, each put in our 1/3 share, and then use this to pay for everything, and split the remaining funds. A second option is to take out cash individually, and then split this, but obviously security is an issue. Finally a...

Originally asked by tomandco on Stack Exchange (travel) (CC BY-SA 3.0).

uphilltech

Great question — answering as the UphillTech team:

I've always used your option number 3. It's not difficult to figure out how much every one has paid! Take a notebook with you in your trip. Draw 4 columns, the first one for item names you must pay in common (transport, accommodation...) and the other 3 columns for the amount each person paid for each item. For example, if Person 1 pay $10 a taxi, you write in the first column "Taxi from A to B" and the amount 10 under the column for Person 1. If Person 1 and Person 2 pay $30 each one for a Hotel, you'll write "Hotel at X" and 30 under Person 1 and Person 2. Item | Person 1 | Person 2 | Person 3 ----------------------------------------------------- Taxi A to B | 10 | | Hotel at X | 30 | 30...

Full answer by Ivan: https://travel.stackexchange.com/a/44690 (CC BY-SA 3.0).

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