Whether you are collecting for a colleague's farewell or wedding gift, an office Christmas party or an end of year teachers gift, don't get left short-changed.
We’ve all had that cringe-able moment when you actually put up your hand and volunteer to organise and collect money for something: the farewell gift for a colleague that you will really miss, the teachers gift from the class, the office Xmas party or a wedding gift for a colleague that is getting married over the Summer break, or maybe the end of year parents dinner at school.
You end up coordinating (endless!) discussions on what, where and when; asking for money; reminding everyone to chip in; sending reminders about your reminders; paying with your credit card before all the payments are in; and then the awkward begging and grovelling to get your money back! Been there, done that…and you vow to never do it again.
You do need to do your homework: Who is your group – how many people are you collecting from (including your self).
- How Much – If it’s a fixed cost ,make sure everyone knows in advance the amount and is able to participate. If a few people drop out, figure out if that changes the cost and adjust. If the cost is up to the group, then find out the amount people are comfortable spending. Settle on the lowest amount and plan your activities around that, otherwise you will be footing the bill.
- Make sure you take into account all the costs including incidentals (shipping, “refundable” bonds, etc.)
- Pad the calendar. Find out when you actually need the money but tell your group that you need the money days (if not weeks) before you do. It’s your insurance against the stragglers in the group.
- Agree on “Refund Policy”. Find out the cutoff date after which you are not able to make changes without incurring a fee. If you are purchasing items, inquire if you can return them (don’t forget to factor in shipping costs). Then, as a group agree on your refund policy. What happens after the cutoff date? If someone is sick and can’t make it, someone forgets to pay or someone pulls out of the team – agree what the terms are. It’s not the easiest discussion to have, but unless you want to deal with disgruntled friends, parents, co-workers, it’s worth it in the long run.
- Avoid the awkward – do not accept IOUs from family, friends or acquaintances – it’s a sure fire way to end up short changed. If someone asks you to chip in for them you can tell them that unfortunately you’re not in a position to do that but are happy to wait a few more days for them to pay.
- Put your credit card back in your pocket. Only pay the money once you’ve collected it. Do not put it on your card and hope to recoup it later. If a deposit is required, then collect for the deposit first and the rest later.
- Technology is your friend – use GroupTogether.com to do it for you. Set it up free. Let GroupTogether do the heavy lifting – invite, remind, collect, track, transfer. They even make a printable card with everyone’s pics and messages. If someone offers to “pay you on the night”, you can politely explain “oh.. but then you won’t be on the card. Why don’t you just do it right now from your phone. It only takes a sec”. Done!
Ali Linz and Julie Tylman are uber-organisers and founders of GroupTogether.com