Master the art of splitting expenses through South Korea’s tradition of "gyemoim" groups — a way for friends and families to split expenses equally so everyone can participate, regardless of their personal budget. Here's how it works: Members contribute an agreed-upon amount each month, typically ranging from $10 to $50. For example, if you pitch in $30 monthly over five years with two pals, that’s a total of $5,400 saved up. As the savings grow, the gang decides together what fun stuff to splurge on. These groups are so popular in South Korea that banks like KakaoBank even offer special gyemoim accounts. One person handles the account, and everyone can chip in, check transactions, and even earn interest as a group. Gyemoims fund everything from casual dinners to epic group getaways. So if you’re trying to get a friend trip out of the group chat, this could be your answer. While Canadian banks don’t have a product quite like KakaoBank’s, there are some similar options. You could open a joint bank account, say at TD Bank, where up to nine people can share access. However, some joint accounts may come with fees, and if someone wants out, it’s much harder to sort out without closing the whole thing down. You could also designate a trustworthy friend to manage a shared savings pot. Ultimately, Korean friend groups swear by gyemoims for staying tight-knit over time — it’s a smart way to keep friendships strong and finances in check.