THE FRIENDSHIP FUND

Pooling your cash with your besties might sound like the ultimate hack for group trips - but is it really worth the risk?

- Madison Bogisch

Would you be OK with giving your friends access to your bank account? That's exactly what Aussie @kimbrindell and her friends say they do in a viral TikTok, which has clocked more than 5.

3 million views.

In the clip, she reveals that her six friends contribute to a shared bank account to cover their annual group trips.

And while we're all for anything that helps move the girls' vacation out of the group chat and into reality, experts say pooling your finances with mates isn't always a dream scenario.

Here, financial adviser and author of Money for Life Helen Baker breaks down all you need to know before diving headfirst into a "friendship fund".

RISKY BUSINESS