Skip to content Request a project consultation

Free Forms/Tools · 036 Free document templates IOU financial transaction

If you remember the money you lent differently, the day you were supposed to repay it

About 3 minutes to read BlueCanvas

What should I write down when lending money to someone I know?

All you have to do is write down three things together: how much you borrowed, when you will repay it, and how much interest you will pay. Messenger conversations are also recorded, but conditions are scattered across multiple conversations, making it difficult to track them down later.

Key takeaways

  • Right before I send money to a friend, I try to write a reply saying, “Pay back when it’s convenient,” but then stop.
  • After setting the repayment date, enter the amount and date in the BLUE FORM and it will be reflected in the preview of the IOU.
  • What you need to do now is to send a message to the chat window saying, “Let’s set a date for repayment.”

Just before sending money, I look at the reply again.

A friend urgently asks to borrow money. I was about to write a reply saying, “Use it when it’s urgent, and pay it back when it’s convenient,” but I stopped. These words were written affectionately, but later What day is “convenient time”? Two people may think differently. The dialogue in the video is a reproduction for illustrative purposes.

Change it into a sentence that the other person can answer

“I know it’s urgent. Before sending, let’s set a date for repayment.” If you send this sentence before sending money, the other person can also mention the date. This is a scene worth watching when someone who is trying to lend money to a friend or family member has difficulty getting the word out.

If you have received the answer, open the BLUE FORM IOU

If you enter the agreed principal amount as a number in BlueCanvas' free BLUE FORM IOU, it will appear with a comma in the document preview. Write down the Korean amount directly in a separate box and select the desired repayment date. You can check the entered information in the preview and then save it as a PDF in the print window or download it as a Word file.

There's only one thing to do now

Open a chat window before sending money “Let’s set a date for repayment.”Please send it once. After receiving the answer, you can check the date together.

Full video subtitles (5 scenes)

Reply before sending money

I'm trying to send money to a friend, and I'm going to write "pay back when it's convenient" in the reply.

Erase ambiguous words

The phrase “when it’s convenient” can bring to mind different days later.

one sentence to send

“Before sending, let’s set a date for repayment,” he says.

Enter in BLUE FORM

Enter the principal as a number and write down the amount in Korean and the repayment date.

Check and save your IOU

After checking the preview, save it as PDF or download it as a Word file.

Frequently Asked Questions

What should I ask first when lending money to someone I know?

Before sending money, ask to set a date for repayment. Once you receive the answer, you can confirm the amount and date you both agreed on.

BLUE FORM How do I write down the amount on the IOU?

Enter the principal amount in the number column and write the Korean amount directly in a separate column. Select the repayment due date and check what is displayed in the IOU preview.

How do I store the completed IOU?

After checking the preview, you can save it as a PDF in the browser's print window or download it as a Word file.

Should I delete messenger conversations?

Conversations can also be recorded. An IOU helps you gather the agreed upon terms in one place. Please also keep the transfer details where you sent the money.

Fill out the IOU right on the screen

BlueCanvas' BLUE FORM IOU has 19 spaces to fill. You can fill it out without registering or paying and save it as PDF or Word.

Open IOU

Other short form insights

See all short form insights→