Select Page
The History Of Splitting Bills

The History Of Splitting Bills

It’s rewind time! We all know about splitting bills during a group hangout today. But time to take a quick look-see as to how people handled udhaari back in the day.

Let the time travel begin:

1. Origin of the phrase ‘Going Dutch’

For those who aren’t familiar with the actual meaning of the phrase, ‘go Dutch’ or ‘Dutch treat’ and other similar phrases mean the informal agreement during participation in a paid activity where everybody covers their expenses rather than one person paying for the entire group.

It’s a restaurant etiquette most cultures follow, even today. But it originated initially as a derogatory phrase during the 17th-century Anglo-Dutch wars. The wars were over trade routes and political boundaries and the British use of the term ‘Dutch’ was to imply the negative connotation that the people from the Netherlands were said to be stingy.

2. History Of Barter System

Before money existed, and splitting bills was a thing, there was a creative way to avoid pending payments. It was known as the barter system. It was introduced by the Mesopotamia tribes and then adopted by the Phoenicians and the Babylonians. They bartered goods across oceans. This was a direct trade of goods and services ranging from tea and spices to even weapons.

But the barter system was a waste of time and effort as there was no common measure of value and it was difficult to find out a fixed ratio for exchanging goods and services.

3. Introduction Of Paper Money

Money in itself has no value and is supposed to be symbolic and representative of the value people hold to it. The first paper currency introduced in European governments was issued by colonial governments in North America.

Paper currencies once introduced were widely used by colonial governments. As shipments between European and American colonies took so long that the colonists ran out of coins (which was used as cash) when the operations expanded. And instead of going back to the barter system, they used IOUs that traded as currency.

The origin of paper currency traces back to the leather promissory notes used in China by the Han dynasty. The biggest challenge of issuing currency was counterfeit and eventually, a lot of techniques were developed to avoid that when printing banknotes.

4. Splitting Bills In The Present

With technology bringing in mobile payments and virtual currency, the possibilities are endless. When it comes to the future of transactions, digital is the way to go. There has been great importance of gaining control of your money, keeping it in your own hands. Hence, the concept of clearing bills and payments later is passe. The present time where we split bills is all about getting things done now!

The goDutch app is one such medium that makes this effortless by helping you split bills, track expenses and settle them via UPI, all in one place! We’ve come a long way from the bartering of goods, exchanging IOUs, and even the past phrase ‘going Dutch’ is deemed an insult. Today, it’s a good financial habit that helps one simply be mindful of their expenses today leading to being on top of their finances in the future.

If you liked this post, do share it with a fellow confused millenial!

Get our meaningful reads directly in your inbox!

Top 5 Netflix Series To Understand More About Money

Top 5 Netflix Series To Understand More About Money

In today’s age, the whole world of teaching has gone beyond the conventional classroom setting. From learning to change a tyre to the theory of relativity, everything is available at the click of a button! Money and finances are topics we usually dread and are the bane of our existence once we start to truly become adults and earn a living.

But what if there’s a way to get insights into the financial world and keep it entertaining at the same time?

Here are some Netflix shows which will help you understand more about money:

1. Money Heist

Though the show might at the surface seem like just a heist crime drama, there’s a lot more to explore within its narrative. The biggest financial lesson given by the Professor’s character and the show itself – is planning. 

Being two steps ahead is essential to achieve the financial future one desires. The show itself is beautifully filmed and shows the concept of robbery with a much deeper perspective as a form of protest against fascism. It also shows a different side of the criminals, with a view of their more human side.

2. Dirty Money

When learning about money, we’ve got to learn about where things went wrong. ‘Dirty Money provides the best insight into that. You get to learn about corporate corruption, securities fraud and even the concept of creative accounting. 

‘Creative accounting’ provides s a deep dive into how the biggest of brands and companies have time and again “cooked the books” and changed figures to con people about their profits. The documentary series leaves no stone unturned in covering a wide variety of known names from brands like Volkswagen to even America’s ex-president, Donald Trump. 

3. Start-Up

Every person you know these days has jumped on the K drama bandwagon and rightfully so. It’s time to discover the beauty of tv and film across the globe and beyond British and American shows. This show gives a sneak peek into the world of entrepreneurship. 

We get to see the rare female perspective here of a dream that many have had – ‘to become the next Steve Jobs. If you’ve got a love for the K drama romance but want to see it in a busy and unpredictable start-up world, this show is one for you.

4. Bad Boy Billionaires

We’ve heard of these controversies over the news and even more at family gatherings where conspiracy theories have been discussed on end. This anthology web series helps us get a closer look at each of the biggest controversies that the financial atmosphere of India has come across. 

From Vijay Mallya to Nirav Modi, the corruption that led to the biggest financial scams of the century, this show gives a great insight into the dark side of money. You get to see the life of the scammers and their journey, rise and eventual downfall.

5. The China Hustle

While most finance documentaries could be seen at face value as a snooze fest, The China Hustle on the contrary stands apart as one of the grittiest stories you’ve seen. Involving Chinese companies and the American stock market, it’s about one of the biggest fraudulent practices that ran unnoticed for decades on end. You get to see an unsettling side of the stock market and one of the biggest wall-street controversies that don’t leave even a moment for you to rest. 

With the whole dogecoin and stock market entering the mainstream conversation, this shows an important perspective to see how such big scams have affected the lives of regular people even today.

Money doesn’t necessarily have to be a boring topic. And these shows are proof of that. They’ll give you such obscure knowledge that by the end of it you’ll be putting your CA cousin’s fun facts to shame.

So, pick a show, goDutch on a food order and enjoy your binge night with friends!

If you liked this post, do share it with a fellow confused millenial!

Get our meaningful reads directly in your inbox!

6 Good Financial Habits For You

6 Good Financial Habits For You

Whether you’re earning an exorbitant salary or making just the bare minimum, it’s necessary to have financial knowledge, for smart financial decisions play a vital role in shaping your future.

Here are some good financial habits that will surely help you in the lockdown:

1. Educate Yourself

You might have almost no clue about financial jargon so the very first step is to take some notes. The Jupiter Millions Community provides a detailed understanding of broad financial topics ranging from simple money management to pivotal financial decisions.

There’s also ‘Clueless’ by Tanmay Bhat where the comedian breaks down complicated financial concepts into layman terms with some comedic banter on the side. Find the medium of your choice and gather all of the info possible for you need this ammunition to get closer to achieving your financial goals.

2. Invest Your Money

It’s important to not just earn money but to ensure that your money makes money. Investments can be an intimidating topic to understand but there are several apps which help make them not just less difficult but also, fun!

Groww helps you keep track of your stocks, mutual funds, FDs and a variety of investments whereas Zerodha is primarily focused on trading itself. Bringing in apps helps make this educational every step of the way and helps you control your funds with the click of a button!

3. Pay Later When Necessary

Paying from your debit card might not be the good financial option you think it is. For sometimes there can be several expenses together and the expenditure can put quite the dent in your account. Here, you can opt for a pay later option from apps like Simpl and spend money upto a certain limit and pay later.

Slice Pay is a micro-loan app which provides larger loans but operates in the same way. Other than that there’s always Paisa Bazaar to check for a plethora of credit card options that suit you best. Using your credit card and accumulating a good credit score can even help you with loans in the future.

4. Opt For Discounts

Discounts might not seem super important, but when a lot of them pile up, you do end up saving a significant chunk of money. GrabOn and CouponDuniya are easy portals to access discounts ranging from small clothing items to expensive flight tickets! Nearbuy too is a source to find out about great gift card deals ranging from restaurants to spas and much more! 

You could also opt for offers like ZomatoPro where you’re rewarded for spending money by saving on food orders and getting free meals/drinks at restaurants.

5. Budgeting And Expense Tracking

Whether your salary is small or big, budgeting is always essential. It’s a habit that will be great in the long run and you can save a lot of money when you take a closer look at unnecessary expenditures. Apps like Walnut are great for this as they continuously provide you a summary of your expenditure.

Hence, you can then accordingly set savings goals for future purchases to sustain your drive to be financially responsible.


6. Be Smart With Expenses

Being financially responsible isn’t just a one-time thing. But a way of life. Being smart with daily expenses is the most important financial habit one can ever have. The goDutch app is the easiest friend to get you through this.

You can use the app to effortlessly split your group bills, track expenses with friends and settle them via UPI, all-one place! The app can also make your rent payments more systematic, send notifications of recurring expenses and help you keep track of bills using a group chat and even reminders!

There are a plethora of solutions at our disposal and all we need to do is put our fondness for technology to good use. A ton of financial knowledge is just a click away hence, instead of going in blind, you can now have a well-charted plan to actually achieve your monetary goals. There’s the old saying called ‘Don’t work hard but work smart’.

Hence, adopt these key financial habits and ensure that you have your money in control instead of being controlled by it.

If you liked this post, do share it with a fellow confused millenial!

Get our meaningful reads directly in your inbox!

Planning A Fun Day For You And Your Roommates

Planning A Fun Day For You And Your Roommates

When we move out from our homes, we simply move from one family to another. Roommates are another kind of family where they’re your friends, siblings and even parents, all-in-one! But in the monotony of daily life, we sometimes forget to take a moment out for some quality family time.

Here’s how goDutch can help you have a truly fruitful day with your new family:

1. Morning – It’s All Working Out

Try starting your morning with a little workout! Exercise is surely the most difficult thing to motivate oneself for, other than getting up in the morning. But it does get easier when you’re taking the action on as a team.

From gym to even Zumba or parkour, there are a plethora of options! You could opt for something like Cult Fit ranging from yoga to even dancing whereas there’s Mumbai Parkour for an even more intense workout. It’ll help bring in some great bonding and as a bonus, keep your fitness in check!

2. Afternoon – Masterchef: All Amateurs

A good workout deserves a hearty meal. But this itself can be turned into a fun activity too! Cooking is extremely calming and can be an innovative experiment. You and your roommates can whip up some easy recipes in a matter of minutes! You could easily use Dunzo or Big Basket to conveniently get groceries.

Moreover, Swiggy Instamart recently introduced ‘The Better Half’ Cookbook. With an innovative style of divided kitchen duties so that cooking is less of a confusing experience and more of a team effort. Though, originally meant for partners, it works for families, friends and roommates alike!

3. Evening – City-Wide Wanderlust

As the Sun begins to set, it’s time for a change of scenery! Why not explore the city with your friends? You could either take an Ola or an Uber to roam about or better, go for a Yulu bike and add a new twist to your journey! There are also great forums like ‘Things To Do In Bombay’ to help you tick off a bunch of things on your checklist!

4. Night – Putting The Watch In Watch List

Finally, the night can conclude with a good old binge-watching session. It could range from an old show to signing up to a new subscription altogether! From Netflix to Hotstar or even something on YouTube Premium, the choices can be really overwhelming.

But splitting a subscription bill can be far worse to handle. But here’s where you can opt for goDutch. Just one of you can pay for it at the time, add the expense on the app, while the others could settle up their shares easily via UPI. No pending payments and hence, the show goes on non-stop.

Life with roommates can seem like a dream on most days but can also be a nightmare every once in a while. It’s good to take a day every once in a while, to truly leave everything aside and focus on simply spending time together.

goDutch can help be that bonus roommate that helps make your life easier. From splitting bills to sending reminders and even automating rent payments, goDutch has you covered!

Don’t split hairs over monies,
But split bills and relax with roomies.

If you liked this post, do share it with a fellow confused millenial!

Get our meaningful reads directly in your inbox!

Putting goDutch To Work, At Work

Putting goDutch To Work, At Work

Every standard 9-5 job can get more chaotic than it seems. Eventually you’re in over your head and the possibility of managing a work-life balance seems like a distant dream.

But, fret not!

Here’s how the goDutch app helps put the little hurdles in your work life on autopilot to ensure a smooth ride –

1. Splitting Bills At Lunch

When there’s urgent deadlines, it’s all hands on deck. Hence, lunches and dinners at office become a practically daily ritual. Most of the time, the project might get over but the bill sorting remains. Why add another tedious task when you have so much on your plate?

Simply add expenses on the goDutch app and it’ll sort everyone’s share out in an instant! Hence you can focus on the more important things, like whether to order shawarma or pizza! Or both!

2. Settling Balances For Commute

When travelling to office, most people carpool or go in groups to make their lives easier but sometimes that ends up being a devil in disguise. For each day’s cash transactions for commute can pile up to a sizeable amount over months which remains pending for almost infinity.

Here, the goDutch app puts an end to the ambiguity for you can add your expense and settle it manually or via UPI, all in one place!

3. Rewards For Referring Co-Workers

Making friends at work is truly blissful for the work doesn’t seem like work anymore! Here’s adding cherry on the cake by bringing in the goDutch ‘Udhaari Credits’.

All you need to do is refer your friends on the goDutch app and you could end up getting a discount of upto Rs. 5000 on paying friends back. Finally, get rewarded for what most of us are best at, spending money!

4. Optimising Your Business With goDutch

Other than office lunches or commute, the app can not only just help with recreation but also help make your work itself easier too! Every business outsources work or has emergency expenses which become hard to keep track of. But worry not, for you can use the goDutch app to keep track of those expenses within a group chat and even send reminders for a pending payment or project.

You can refer to previous payments too and ensure that all of that external expenditure is tracked with just a click of a button!

5. goDutch Card At Off-Sites

Off-sites are probably the best part of being in a workplace. They bring back the memories of the good old school days and it’s good to finally unwind with the team you work with day in and day out. But these trips can sometimes become a burden instead of a blessing when the costs of one day create an added hangover on the next.

Here, the goDutch card is the extra colleague you truly need. For all you need to do is connect your linked payment method to the virtual card, then if just one of you uses it, everyone’s share is deducted from their respective account.

Hence, settling group payments in real time so that the fun doesn’t stop while you make payments on the go!

Keeping your office expenses on autopilot helps make your work-life a breeze.

And the goDutch app will provide that very exact help with great ease.

If you liked this post, do share it with a fellow confused millenial!

Get our meaningful reads directly in your inbox!