We are a group of around 12 friends with their respective families who would like to meet up for vacations. We would like to start saving money each month and pool it in a common account, and then spend from this for our vacations. How do we go about doing this, without creating IT problems for any person? Let us say we want to contribute Rs.1000 per head per month. This itself would come to Rs.12000 each month. So using any one of our's personal bank accounts might be problematic. What is the way out?
Has anyone else done something like this? Any suggestions?
Has anyone else done something like this? Any suggestions?