Help with a simple maths prob

maybe once he has paid you back you can borrow a grand off him and withdraw it from the shared account to pay him back.
which is pretty much the same as what he asked you to do.

lol he has a cheek though to want to pay you back using half your own money
 
Hxc said:
For me?

4,891.00 Loan + 118.00 Grant
200 a month working evenings
300 a month working weekends
68 a month from prison service pension
330 a year uni bursary
1000 working uni open days + IT support in the easter holidays
Summer internship/Job - 1000-2000

I literally don't understand the 'poor student' stereotype. Go out there and work. I still have 3 nights a week and one weekend day completely free, at least, every week.
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To be fair though, if you are on a difficult course it's pretty hard to have time for a job. Even if you worked all of the summer you still would be pretty poor.
I have 30 hours contact time, after doing coursework and revision, that's a 50 hour week.
 
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My god there is a lot of wrong in this thread.

The best way to think about it is what would happen if they were to close the account immediately after the payment.

Account now has £400 in it for simplicity sake. £200 is the OP's and £200 is the OP's friend's.

Step 1: OP pays in £600
Step 2: OP Friend pays in £1,000

Account now has £2,000 in it. They go down to the bank and close the account and withdraw all the cash. They split it 50/50 as per the agreement so each gets £1,000 out. The OP has therefore only gained £200 in this deal (the £1,000 he gets when closing the account less the £200 he had in to start and less the £600 he has just paid in).

The OP's friend however has only lost £200 too (the £1,000 he gets when closing the account less the £200 he had in to start and less the £1,000 he has just put in).

For it to work, the OP must pay in £1,400 at the same time as the OP's friend paying in £600 in order to maintain the £2,000 injection of cash.

The OP's friend will never get this point across though as the OP's friend will think "i'm paying £800 more than you!!!!"
 
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On a related note, this used to happen when playing pool in the pub quite a lot.

I would pay 50p for the first game.

Friend would then want to pay for the second game but wouldn't have the right change so would ask me for a 50p in return for his £1 coin which he then subsequently used to pay for the next game of pool.

It took me about half an hour of using various examples to get him to understand that he was effectively paying for both games of pool by doing what he just did. The best way I could think of to explain it was that if he had gone to the bar and asked them to change the £1, they would give him 2 x 50p's. He could put one in his pocket and have 50p safe and then use 50p for the pool. By giving me £1 and using the 1 50p I gave him for pool, he didn't have another 50p in his pocket safe and sound.
 
Simplest way. You both put your normal money in the joint account (£1000 each). You get him to pay you separately the £400 he owes you.

This way, there is no argument, and no possibility for it to go wrong.

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If you did what you were originally suggesting, and you put in 600 and he puts in 1000, then the joint account will be £400 in deficit. He would have to make up that deficit by paying in an additional £400 into the joint account (effectively the money he borrowed from you).

I recommend you go with the first option, and just have the £400 paid to you separately.
 
Scougar said:
Simplest way. You both put your normal money in the joint account (£1000 each). You get him to pay you separately the £400 he owes you.

This way, there is no argument, and no possibility for it to go wrong.
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Presumably the reason the friend doesn't want to do this is because the friend doesn't have £1,400 spare to pay the OP his £400 and the joint account £1,000.

Maybe for this month, pay £600 each into the account and then get the friend to give you the £400 separately? That way the joint account stays in check and the friend hasn't run himself dry of cash. Assuming this will give the joint account enough cash of course.
 
SpeedFreak said:
If you're going to post this:
It's probably best that you ensure your post is error free:
I'm just saying.......
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Haha, good spot. I read my post several times trying to make sure it was factually correct. Of course that sentence should have read:

"For it to work, the OP's friend must pay in £1,400 at the same time as the OP paying in £600 in order to maintain the £2,000 injection of cash."
 
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