From bickering over bills, to resentment over people not paying their way, money can be a common source of friendship fall-outs. Vicky Shaw finds out how to prevent it.

You can’t put a price on a good friend - but it seems many of us find ourselves falling-out over money.

For instance, nearly two-thirds (63%) of drivers feel awkward about asking passengers for petrol money in return for a lift, according to a new survey by Admiral, which also found that over a quarter (27%) say they’ve fallen out with somebody who did not pay their way.

Here, Annie Logan from mobile payments service Paym gives her top tips to prevent finance fall-outs from ruining friendships...

1. Be clear

If, for example, you are buying some concert tickets for you and a mate, make it clear when you expect to be paid back - or even better, get them to send you the money before you make the purchase. Potential issue avoided.

2. Put a reminder in your phone

In some ways, it can be more awkward to be the person forgetting to pay someone back, than to be the person waiting for money.

More people send payments on the last Friday of the month than any other day - suggesting payday must be a popular day for reminders.

3. No cash, no problem

There are all sorts of ways to pay these days that don’t need to be cash. 

4. Keep it breezy

If you do have to ask someone for money they owe you, try and keep it as calm and breezy as possible. Perhaps try to mention it in a light-hearted way.

5. Flatter your friends

Turn the focus onto the fact that by paying you back they are helping you out, which will help keep the spotlight off the awkwardness of the outstanding debt.

You could say something like: “Things are a bit tight before my holiday.”

6. Don’t sweat the small stuff

If you end up out of pocket for two or three quid, try to ask yourself if it really is worth bothering mentioning it and creating possible tension, or whether you would be happier just to let it go.

After all, what is a few pounds between friends?

7. Seize the opportunity

Many of us have had a night out where we have ended up paying for a round, and then the bar has shut before someone has the chance to do the same in return.

But instead of feeling resentment, be a social butterfly, and see more of your friend with the IOUs, not less. They will most likely be thankful for the reminder and a chance to do their bit.

8. Listen if there is a problem

There’s a reason why you’re friends, right? Be nice if there is a solvable problem. Maybe they are a bit skint but will be able to sort you out next month, or give you half now and half later.

Even having the discussion can dissolve any tension and you can get back to being friends.

9. Once bitten, twice shy

If your friend still owes you money and it’s a problem, perhaps try to avoid putting your hand in your pocket for them again until things have squared up.

It may be that they’ve just forgotten the first occasion, but doubling any outstanding amount is likely to just build resentment.

10. Finally, remember what the friendship is worth

We can all overreact to situations sometimes, so when it comes to money, it is always good to take a step back and ask: Is this money worth losing a friend over?

It will depend on how much the debt is and how good a friend they are, but as long as you take the time to think about the bigger picture, you are bound to make the right decision.