National Pay Back a Friend Day: History, Facts & Insights

This is an in-depth look at all the must-know facts about National Pay Back a Friend Day (2024) 🗓️ that no one tells you about. National Pay Back a Friend Day is celebrated on October 17th.

Among the information you’ll find below: the history of National Pay Back a Friend Day, activities to do on and how to observe this holiday, as well as cool facts you might want to know about National Pay Back a Friend Day.

📅 What day is National Pay Back a Friend Day 2024?

In 2024, National Pay Back a Friend Day is on Tuesday, October 17th. It is the 3rd Tuesday in October; in 2024, it is Thursday. There are until the next observance. You also can learn all intriguing details and facts about October 17, 2023, that you might not be aware of.

Bank of America has designated October 17 as National Pay It Forward a Friend Day, following extensive research on the impact of money on relationships. The survey, known as the “Friends Again Report,” revealed that over half of the participants experienced the loss of a friendship after loaning money to a friend without receiving repayment. To tackle this problem, National Pay It Forward Day was introduced. Therefore, on October 17, set aside any negative feelings, utilize your mobile payment apps, and begin repaying your (former) friends.

📜 National Pay Back a Friend Day History

✅ National Pay Back a Friend Day Facts

🔖 ​Millennials have a bad rep
A common belief is that millennials are the generation least likely to pay back a friend.

🔖 ​Apparently there’s a price on friendship
Nearly half of the American population is willing to end a friendship due to financial matters.

🔖 IOUs can leave a friendship MIA
Nearly 80% of the American population holds the belief that borrowing money from a friend can have negative consequences for their relationship.

👍 Why Is National Pay Back a Friend Day Important

It’s upsetting to lose a buddy for money. This day sets us on the path to better friendships—and better money.

It’s difficult to discuss money with a buddy. National Pay It Forward Day serves as a reminder to venture outside of your comfort zone and accept uncomfortable sensations.

If you’re feeling guilty about a lost connection due to financial difficulties, National Pay Back a Day Friend is the perfect opportunity to seek out. And even if things don’t go as planned, you’ll have peace of mind knowing you tried.

🙂 How To Observe National Pay Back a Friend Day

⚡ Organize your finances
Utilize National Pay Back a Friend Day as an opportunity to evaluate any extra financial obligations you might have, such as credit card debts, money owed to relatives, or student loans. Take this chance to create a proactive strategy for getting back on track with these debts.

⚡ Pay back a friend (duh)
Naturally, the best way to celebrate National Pay It Forward a Friend Day is by repaying a friend. Nowadays, thanks to the numerous apps at our disposal, it’s easy to find someone and repay them.

⚡ If you can’t pay them back (yet), find other ways
Offer them complimentary childcare services or even help with dog sitting, or any other assistance they may need. Just acknowledge that they provided you with a loan and express gratitude for their support.

📅 When is National Pay Back a Friend Day?

View all 🔗 October holidays, including 🔗 Relationship and other 🔗 Lifestyle holidays.

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