50 Venmo Requests So Delusional, People Just Had To Shame Them Online

Personal finance expert and best-selling author Rick Orford kindly shared his perspective on Venmo as a service and gave his opinion about the current state of the economy, as well as how to save money. Read on to see what he told Bored Panda and why it's not necessarily all financial doom and gloom despite what's on the news.

"Venmo is a simple, secure, and efficient way to send money to friends. You can use it to split the bill at a restaurant, pay your rent, or even buy a coffee," the personal finance expert told Bored Panda about the upsides of using an app like that.

"Another reason Venmo is popular is that you can connect it to a debit card or your bank account, and there are no fees for loading up your account or sending money. I'd advise against loading up your Venmo account with a credit card though, as it comes with a 3% fee—and it would be better to use a credit card in this case," he warned.

There's "little reason to keep more than cab fare in your wallet" due to the "amount of point-of-sale terminals and the seemingly unlimited array of awards cards (points, merch, cash back, etc.)," Rick said.

Meanwhile, the personal finance expert shared his thoughts on the current economic climate, as well as saving money. He noted that the situation, currently, may not be as bad as it's presented in the news.

"Thanks to inflation and geopolitical issues, stock markets worldwide have taken quite a hit in 2022. And similar to what happened during the COVID-19, the media has latched on to the '2022 issues,' hammering in this idea that a rough time is coming. But so far, the job market is resilient, and people continue to spend," Rick told Bored Panda.

"That said, the entire picture isn't so rosy. For example, last week, Target suggested caution regarding 2022 holiday sales, as their customers are looking for 'the big deals.' So, in my view, yes, folks are watching their dollars closely, but there's still no immediate threat to Americans' bottom lines."

However, for anyone who is feeling the pressure, Rick shared that there are many ways to save money amid the current economic backdrop.

"Cooking at home, taking a vacation at home rather than abroad, and shopping around are 3 easy ways that anyone can do today to start saving money. But, it doesn't need to end there. Long-term, sticking to a budget, increasing income, and creating a monthly surplus (and investing it) are tried and tested ways for a secure financial future," he said.

For those of you Pandas who might not be aware, Venmo is an American mobile payment service. It was founded all the way back in 2009 and has been owned by PayPal since 2012.

In short, the app (and others like it) is meant for peer-to-peer transactions and makes digital payments easy and smooth.

It also makes the hassle of splitting a dinner bill or the cost of going to the cinema among family and friends way easier. You send out a Venmo request for a specific sum and they forward you the money on their phone.

Roughly 70 million people in the US use Venmo. Sounds pretty straightforward, right?