Created: Apr 27, 2024 08:00 AM
Dave Ramsey
Expensive Dave,
I’ve a roommate, and we’ve shared the identical two-bedroom house for about three years. Throughout that point, we’ve at all times had an settlement that we’d cut up the payments 50-50. However for the final a number of months, he’s been very late paying his half of the payments. There have even been a number of instances when he didn’t pay his half in any respect, and I needed to cowl your entire invoice. We each work good jobs, so cash isn’t a difficulty. He says he’s broke, however after I ask him the place all his cash goes, he simply shrugs and acts like he doesn’t know. We’re good buddies, so I don’t wish to be merciless. How can I strategy him concerning the state of affairs?
– Mikhail
Expensive Mikhail,
Regardless of whether or not you’re speaking about friendships or enterprise dealings, to be unclear is to be unkind. Imagine me, I perceive you don’t wish to be imply to a buddy. However conditions like this could at all times be addressed straight and rapidly, earlier than issues get out of hand.
You stated you have been good buddies, and never simply roommates, proper?
My recommendation is to recommend an evening the place you each simply hang around on the house. Provide to pay for dinner to be delivered, and simply loosen up and watch a film or a sport collectively.
Earlier than the evening’s over, inform him there’s one thing you’ve been wanting to speak to him about, and start an understanding – however agency – dialog about the previous few months and the state of affairs with the payments.
Let him know he’s an excellent buddy, and also you take pleasure in his firm, however the roommate settlement just isn’t figuring out as a result of he’s not residing as much as his settlement to pay half the payments.
Give him each likelihood to offer an affordable clarification for issues, however be sure he understands that you simply two usually are not going to have the ability to be roommates for much longer except he begins paying on time.
Being understanding is vital in a state of affairs like this, Mikhail. You don’t wish to strategy him with a bunch of accusations, however on the identical time, you must know what’s happening.
Possibly he wants assist studying to price range cash correctly. You stated each of you will have good jobs, so meaning his cash must be going someplace. The issue is it sounds prefer it’s not going to the precise locations.
When a buddy is having a tough time, it’s best to at all times do what you moderately can do to assist. However on this case, he’s obtained obligations he wants – and agreed – to dwell as much as.
Do what you may, however ultimately, he ought to perceive it’s time for him to get his act collectively.
– Dave
• Dave Ramsey is an eight-times nationwide bestselling creator, private finance knowledgeable and host of The Ramsey Present. He has appeared on Good Morning America, CBS This Morning, At this time, Fox Information, CNN, Fox Enterprise and plenty of extra. Since 1992, Dave has helped folks regain management of their cash, construct wealth, and improve their lives. He additionally serves as CEO of Ramsey Options