Keep track of who owes whom
Lent money to a friend? Borrowed from family? Jayb keeps a running balance for each person, so you always know who owes you and who you owe.
Try JaybA balance for every person
- Lend, borrow, get paid back and pay back, each moving money to and from a person.
- Lending doesn't lower your net worth: the money is still yours, just with someone else.
- Settle up when a debt is let go or forgiven, without faking a payment.
Friendly reminders
- Remind on WhatsApp: a polite message with the amount and date, sent from your own WhatsApp.
- On the first of each month, a note of who still owes you.
Questions
- Does lending money count as an expense?
- No. Lending and borrowing move money between your account and a person, so they're never income or spending.