Main site > MoneySavingExpert.com Forums > MoneySavers Arms > The Money Savers Arms > Money Saving Polls - results & discussion > Real-life MMD: Should I share utility switching c... (Page 3)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Real-life MMD: Should I share utility switching cashback?
Reply
Views: 9,124
Thread Tools Search this Thread Display Modes
# 41
purple.sarah
Old 28-11-2012, 12:43 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Aug 2011
Location: Sheffield
Posts: 2,399
Default

I would keep the cashback or spend it on something that benefits the whole household. Your housemates are already benefiting from saving on the bills.
Make £15 a day in October: £28/£465

October NSD Challenge: 1/10
purple.sarah is offline
Reply With Quote Report Post
The Following User Says Thank You to purple.sarah For This Useful Post: Show me >>
# 42
milvusvestal
Old 28-11-2012, 1:14 PM
MoneySaving Convert
 
Join Date: Jun 2011
Posts: 104
Default Cashback

Keep the money.

As you say yourself, you've done all the hard work and achieved a saving for your flatmates already. Look upon it as your commission.
milvusvestal is offline
Reply With Quote Report Post
The Following User Says Thank You to milvusvestal For This Useful Post: Show me >>
# 43
nczm
Old 28-11-2012, 1:45 PM
MoneySaving Convert
 
Join Date: Apr 2011
Posts: 45
Default Discuss it

I think you should keep it, but I do think you should agree it with your house mates first - I'd be amazed if they don't tell you to keep it for the leg work.

If they insist in sharing the pot I'd just keep that in mind for anything future (whether you chose to disclose is up to you) after all you've saved £150 whats £30 one off when that £150 each year
nczm is offline
Reply With Quote Report Post
# 44
crogers
Old 28-11-2012, 2:03 PM
MoneySaving Convert
 
Join Date: Aug 2007
Posts: 16
Default Money Moral Dilemma: Should I share utility switching cashback?

No way-you've done the legwork, trawled the net and saved them a few bob. Consider this your commission
crogers is offline
Reply With Quote Report Post
The Following User Says Thank You to crogers For This Useful Post: Show me >>
# 45
Ebenezer_Screwj
Old 28-11-2012, 2:06 PM
MoneySaving Stalwart
 
Join Date: Mar 2004
Posts: 309
Default

I agree with all the posts that say this cashback is your commission on the deal. Don't be a mug.
Ebenezer_Screwj is offline
Reply With Quote Report Post
The Following 2 Users Say Thank You to Ebenezer_Screwj For This Useful Post: Show me >>
# 46
alfacat
Old 28-11-2012, 2:15 PM
MoneySaving Newbie
 
Join Date: Feb 2011
Posts: 13
Default

Quote:
Originally Posted by koru View Post
Do as you would be done by. This is usually a good guide to ethical dilemmas.

this is the maxim I try to live by too and in this instance if I was a housemate and the op advised me what they'd done I would have no issue with them keeping the money as reward for their initiative and time, and for saving the remaining housemates £150 a year.

"fair exchange is no robbery!"
alfacat is offline
Reply With Quote Report Post
The Following 2 Users Say Thank You to alfacat For This Useful Post: Show me >>
# 47
NSG666
Old 28-11-2012, 2:34 PM
MoneySaving Convert
 
Join Date: May 2009
Posts: 17
Default

You have not said how many you share with. If there's two then you've just saved someone £75 - if that someone were me I'd be happy for you to keep £15. If there are five of you then you have saved them £30 each - is it really worth faffing around offering them £6.
BUT, the fact that the question has been asked suggests a feeling of guilt that I would not have had. In your case, use the £30 to buy some drinks for you and your housemates.
NOTE your name is on the bills so you are responsible for paying them even when one or more of your housemates can't pay you 'cos they are a bit strapped this month or decide to do a bunk.
NSG666 is offline
Reply With Quote Report Post
The Following User Says Thank You to NSG666 For This Useful Post: Show me >>
# 48
PollyOnAMission
Old 28-11-2012, 3:13 PM
MoneySaving Stalwart
 
Join Date: May 2012
Posts: 485
Default

Every bill switch is another potential cashback earner, just like every trip to the supermarket is another potential reward points earner. If you earned Nectar points on, say, toilet roll for the whole house, would those points be shared? Probably not, but you would give each housemate their opportunity to earn reward points in turn if they want to.

I would see household bills in a similar way. It would be fair to share out the bill switching between housemates, so each has the opportunity to earn their own share of cashback. If, for whatever reason, they decide they don't want to take on that responsibility then that's up to them. But they'll lose out on the potnetial cashback and should be made aware of this.

If one person takes on all the bill switching without consulting the others, therefore not allowing them to get their share when actually they might prefer to take on a bill and have the option, then I'd say it would be fair for that cashback to be shared amongst the household.
PollyOnAMission is offline
Reply With Quote Report Post
The Following User Says Thank You to PollyOnAMission For This Useful Post: Show me >>
# 49
rainsong
Old 28-11-2012, 3:45 PM
MoneySaving Newbie
 
Join Date: Aug 2008
Posts: 4
Default

I did the same thing, and used the cashback to pay off our bills for the first few months.

After that, no one in the house paid me for the bills in the following months! I'm still chasing them up 6 months later!

I say keep it. Good guys finish last, sadly.
rainsong is offline
Reply With Quote Report Post
The Following User Says Thank You to rainsong For This Useful Post: Show me >>
# 50
Indi 2000
Old 28-11-2012, 4:14 PM
MoneySaving Newbie
 
Join Date: Nov 2012
Posts: 1
Default

It is only moral if you tell your flatmates what you have done and you intend to keep the money because you feel you have earned it fair and square. If you choose not to tell them then you have something to hide and are acting immorally. This is only a moral dilemma if your morals are questionable in the first place.
Indi 2000 is offline
Reply With Quote Report Post
The Following User Says Thank You to Indi 2000 For This Useful Post: Show me >>
# 51
janiebquick
Old 28-11-2012, 4:16 PM
MoneySaving Stalwart
 
Join Date: Jun 2008
Posts: 332
Default

Morally, you should share it. However, you could claim you only got £100 cashback and split this with them.......
janiebquick is offline
Reply With Quote Report Post
# 52
his missus
Old 28-11-2012, 4:28 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Oct 2011
Location: Lancashire
Posts: 2,815
Default

If you were to find out one of your flatmates got £30 cashback for having bought/sorted something for the house or if one of them had switched the gas/electric via a cashback website and earned some £s, would you expect them to share? Your honest answer to this will determine what you should do.
CCC 2014: £113/£250 No unnessary toiletries 7/57
Virtual Sealed Pot: #143 £125.37
Debt free in 2013
his missus is offline
Reply With Quote Report Post
The Following User Says Thank You to his missus For This Useful Post: Show me >>
# 53
ja9_c
Old 28-11-2012, 4:29 PM
MoneySaving Newbie
 
Join Date: Jan 2011
Posts: 9
Default

I say keep it! You have put all the leg-work in therefore should keep the cashback. Plus we are not talking hundreds of pounds (even though it unlikely I would change my decision!)
ja9_c is offline
Reply With Quote Report Post
# 54
mrsgreenfingers
Old 28-11-2012, 4:39 PM
MoneySaving Newbie
 
Join Date: Mar 2009
Posts: 2
Default

I suggest you tell your flatmates of your dilemma and let them decide. I would hope they'd say "well done - keep the £30 and thanks for saving us on our bills". Everyone wins and is happy. If they want you to share the cash at least you know you've not deceived anyone and your conscience is clear.
mrsgreenfingers is offline
Reply With Quote Report Post
# 55
gloucesteroldspot
Old 28-11-2012, 5:46 PM
MoneySaving Convert
 
Join Date: Apr 2007
Posts: 50
Default

Speaking as someone who has never actually received a 'cashback' despite doing everything right to get them, I would say forget it. Cashbacks are mostly a con.
gloucesteroldspot is offline
Reply With Quote Report Post
The Following 2 Users Say Thank You to gloucesteroldspot For This Useful Post: Show me >>
# 56
dave2
Old 28-11-2012, 6:14 PM
MoneySaving Stalwart
 
Join Date: Apr 2009
Posts: 238
Default

Share it. The "cash back" is simply a discount.

If you're having difficulty understanding this, consider what your position would be if the amount was being deducted from the first bill instead of paid to you directly. The only difference that way is that it is harder to hide it from your housemates; the principle is exactly the same.

Or how about if you'd needed to pay a one-off £30 fee to be able to access this best deal. Would you get your housemates to chip in on that? Why would it be different when the cash is coming in the other direction?

Or how about your flatmate has two deals for Sky package, one £40/m and another £45/m but with £100 cashback (per year or whatever). Would it be okay for them to get the £45 and pocket the £100? But would it not be stupid to get the more expensive £40 deal?

Everybody is expected to hunt for deals and do the legwork and everyone shares the cashback.

(BTW, while trivial perhaps, if you were to be conisdered to be acting as an agent it's technically illegal to keep the cash back as "commission" unless you obtain permission from your principals.)

Last edited by dave2; 28-11-2012 at 6:24 PM.
dave2 is offline
Reply With Quote Report Post
The Following User Says Thank You to dave2 For This Useful Post: Show me >>
# 57
ellesbellesxxx
Old 28-11-2012, 6:38 PM
MoneySaving Stalwart
 
Join Date: Nov 2010
Location: The Shire
Posts: 695
Default

I would stock up with things for the house like loo roll, tea, or put it aside for the next bill to soften the softened blow!

I once bought some books via cashback site for school, then bought books for school with the cashback so that they benefitted - and I felt like I had got them a bargain xx
ellesbellesxxx is offline
Reply With Quote Report Post
The Following User Says Thank You to ellesbellesxxx For This Useful Post: Show me >>
# 58
Tiggy10
Old 28-11-2012, 6:39 PM
MoneySaving Stalwart
 
Join Date: Jan 2011
Posts: 440
Default

The same thing happened in my house last year. My house mate who got it just put it towards the total of our next bill instead of splitting it, which was very kind. I might not have done the same
Paying off my OD 1% at a time: 2000 300 - 85% Complete
Santander Loan 1000 344
OD 2 200

Triathlon Turtle #27: NSD 7/16
Tiggy10 is offline
Reply With Quote Report Post
The Following 2 Users Say Thank You to Tiggy10 For This Useful Post: Show me >>
# 59
Talent
Old 28-11-2012, 6:46 PM
MoneySaving Stalwart
 
Join Date: Jul 2007
Posts: 205
Default

No. Keep it for yourself.
Talent is offline
Reply With Quote Report Post
# 60
tgroom57
Old 28-11-2012, 7:06 PM
Serious MoneySaving Fan
 
Join Date: Jul 2010
Location: south west, almost England.
Posts: 935
Default

Keep the cashback - it's all yours. You did the legwork and earnt it.

They are already set to share a saving of £150 p/year because of your action. That's extra money they will have in their pocket because of you -to do with as they please.

Keep the cash-back for yourself as reward. If it should come to light then I hope your timely action (and the £30) will inspire them to look for ways to save money on the other household bills. Look at it this way, if your house-mates decide you're onto a good thing and do something similar with 2 other bills, you could all be a further £300 /year better off.

Tis a good thing to have a MSE in the house.

Last edited by tgroom57; 28-11-2012 at 7:12 PM.
tgroom57 is offline
Reply With Quote Report Post
Reply

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT. The time now is 7:36 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 29 October 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile
  • Going off line to focus on 4OD (don't think this means you're all forgiven!)
  • RT @ParkesJane: @MartinSLewis 6 bottles of champagne from Sainsburys arrived today, £50 including delivery! Thank you very much.
  • I'm deeply unhappy with all of you. Not one Twitter follower had the courtesy to tell me a new series of Big Bang was on! Shame on you

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • VARIOUS ARTISTSBBC RADIO 1'S LIVE LOUNGE 2014
  • TAYLOR SWIFT1989 (DELUXE)
  • ED SHEERANX (DELUXE EDITION)

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.