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Should I share my energy switch cashback?
Former_MSE_Nick
Posts: 463 Forumite
in Energy
I recently moved into a flat with friends and have been put in charge of the energy bills. I decided to switch supplier since we were paying more than we needed to and as part of the switch I've received £30 cashback. We pay equally for the energy so I feel we should share all the benefits, but at the same time I put in the effort to find the best deal and make the switch happen. Also, the payments come from my account and I often end up having to chase them for their share each month so I feel a little entitled for the hassle. Should I share the cash or pocket it?
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Comments
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You should definitely disclose the amount of cashback you have received to your friends. It they find out that you have not told them then they may wonder what else you haven't told them about financial matters.
If you feel that you should keep the money then you can put your case forward to them and see what they think. They may agree with you in which case keep it.
If they want to share the money then I would use then money towards the next months bill. I would forgo £30 in my pocket for household harmony.
If you feel that you are putting in more effort than the others e.g. having to chase them, then there are other ways to address this. For example the way in which other household responsibilities are shared.0 -
It's not your individual bill is it? It's a joint bill.
Therefore it's a joint cash back.0 -
Thirty quid for less than two minutes of your time. Does even Martin make that?
As to charging for gathering payments each month, grow up. What about all the other bills?
The time involved with utilites as opposed to dishes and housework and buying more milk or bread is minuscule.0 -
When I used to live in joint accomodation I put the cashback straight into the "bills money".
Thus, it was part of the joint funds.
You can't really keep it, its cashback for the joint billing account.0 -
Yes, you should share it - as it's cashback (as in a discount), not income.
If you're going to treat it as income, you should declare it to the tax man.0 -
billbennett wrote: »Yes, you should share it - as it's cashback (as in a discount), not income.
If you're going to treat it as income, you should declare it to the tax man.
Another one who hates the poor. but no problem with MPs claiming for duck ponds and jellied eels.0 -
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Yes, share it. It is likely to set the tone of the house relationship. Others in the house may also put effort in to what ever job they do on behalf of the house.0
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I can never quite understand the need for these hypothetical posts as they are normally all about should I shouldn't I do this that and the other, Can only presume there is no work to do at MSE.0
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This is a repeat MMD from a few months back.
If you mention the £30 they will expect to share it or knock it off their next payment, but I see it as a thank you for picking the company as supplier, not a refund of energy costs. Since your friends monthly energy payment should drop then you have a good case to keep the £30.
People pay a lot more than £30 to have someone manage their investments, I don't have a problem with you keeping the £30, especially since you've achieved a reduction in the shared bill.0
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