The other day, I started thinking about how many times we’ve written off money as a sunk cost.
For example, everything my heinous ex-flatmate owes me (to the tune of almost $900).
I also left one of my earlier flats a few years back on bad terms, and didn’t even ask for my bond back. It was two weeks’ worth, so about $250, but I really didn’t want to get into a fight about it.
Then late last year, T seemingly got paid for a month at his PT coaching job. The first month went fine. Then a new company took over everything, including the payroll. He gave his notice literally on that second payday, which then was apparently RETRACTED. But it was only around $130, and neither of us wanted to waste our time with a shitfight with the new, underhanded company. We moved on.
And finally, we’re still waiting for T to get paid for his one-off gig working at Matakana on New Year’s Eve. That’s probably worth $200 or so. I’m not holding my breath, but at least it’s not affecting our bottom line.
Have you ever written off money owed to you?