Canadian Personal Finance Blog

Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View
March 23rd, 2009

Always Buy The First Round

My wife told me about her weekend and she mentioned what she thought was an inocuous story about buying a “round” of coffees for a group of parents and how she didn’t have to buy coffee for the rest of the weekend (everyone else kept buying “the round”), and it reminded me of some of the best advice I ever received.

Always Buy The First Round

When I had just turned 18, I went out to a Tavern for the first time with a group of guys I knew from my C.E.G.E.P.. All these guys were a little older and were much more worldly than I was when it came to the art and science of drinking.

One guy had worked in James Bay on the Hydro project in the mid 70’s and he knew about life. I confided with him that I had never been out “with the guys” drinking, and he gave me some very good advice.

Always buy the first round, because that is the only round anyone ever remembers and it is very rare that anyone does the correct accounting to answer the question asked before each round, “Who’s round is it?”.  People will however remember that you bought the first round, because that is the only round anyone, ever remembers.

This advice works for alcohol, for coffee and any other areas you can think of where there is a “round” of spending to be done.

Is this financial advice? Maybe not, but it is very useful.

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4 Responses to “Always Buy The First Round”

  1. Reminds me of an experience many years ago:
    There were 6 of us around the pub table, five named Dave, and Eric. As the afternoon wore on, it became Dave’s round then Erics, then Dave’s, then Eric’s…..

    Seemed funny at the time…….

    DAvid

  2. I thought it was funny, that’s all that matters.

  3. Sound advice unless of course the first round ends up being the only round :D

  4. Excellent point, I was going to add that statement, that the theory assumes a full evening of drinking, but then the next time you go out you can point out you got the last round then!

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