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Old 04-08-2008, 08:55 AM   #1
Question What happens when you lend friends or family money....
KathrynHannah
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Have you ever lent friends or family money? Did it change your relationship at all?

Way back in university I lent a friend some to pay off the last of his tuition bill. He was a close friend and I felt badly that he wasn't going to be able to graduate unless the bill was paid by a certain date. It was a good chuck of money for that stage in my life and it was borrowed money too (student loans). I felt good about it in the moment, but in the end he ended up going to the mall and spending it on CDs and clothes. He never did pay me back and in the end I felt manipulated and used. The friendship was never the same again.
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Old 04-08-2008, 09:01 AM   #2
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just yesterday my sister asked if she could borrow money for some concert tickets. i pretty much told her that my mortgage bill was way more important to me than her concert tickets. i don't let friends or family borrow money. it just makes for an uncomfortable situation!
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Old 04-08-2008, 09:07 AM   #3
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I have never lent a large amount. I don't think I have ever experienced anyone not pay me back. I would never lend any amount I couldn't afford to get back. Sometimes people just aren't able to pay you back, when they thought they could. You have to be able to let it go to keep the friendship.
I can't believe your friend did that to you. How horrible. I guess it is a lesson for the rest of us that if we ever feel like paying a bill for someone, go directly to the company to pay the bill, so you know where it is going.
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Old 04-08-2008, 10:12 AM   #4
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If I do loan it than it is considered more of a gift than a loan. All too often it doesn't come back.
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Old 04-08-2008, 10:22 AM   #5
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we loaned BIL money to get his motocycle fixed after an accident(wasn't his fault). Given his past with money(another story) dh told BIL, that all the money we gave him came from me. dh told BIL that all his money was tied up. That is the only money we are aware of that BIL has ever paid back with actual money. He has paid people back just never with money.

I have never needed to help anyone on my side of the family. My sis did ask for money for her electricity/gas bill but I knew she really didn't need it so I told her I didn't have it. She went to Vegas the next month after getting a new cc.

I give my mom money occasionally but I NEVER expect her to pay me back and would refuse any attempts. My mom has never asked for money. I tend to buy her things instead. I just brought her some coffee and a purse(goodwill find). she was telling dh about how much coffee is and she only got the smallest can b/c it was so expensive. I know she will accept the coffee but the money to buy the coffee NO WAY.
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Old 04-08-2008, 11:26 AM   #6
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i have never lent family or friends money and the only person who had ever asked me for any was my little bro and he did not ask for money he asked me to co-sign for a computer and i told him no if you want it save up for it.. he did and got the computer he is an instant gratification kind of person so i would never lend him money.
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Old 04-08-2008, 11:57 AM   #7
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We gifted a dear friend with some money for school. We had her sign an agreement, but dh and I both agreed that we would consider it a gift. That was at least three years ago and we have never seen any of it, nor do I honestly expect to. I would do it again for her.

No one else has ever asked us for money and we most likely wouldn't do it unless it was a) really valid reason b) a reasonable amount and c) dh and I could consider it, in our minds, a gift so it wouldn't hurt our relationship with that person.
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Old 04-08-2008, 12:02 PM   #8
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im not a fan of lending money.
The feeling you get when its not paid off in full by the time they promise, is so discomforting. Like, why do you think its ok to take advantage of me? Relationships get strained, its a very ugly situation. If someone asks me, for say, fifty bucks and they're a close friend - I just give it to them. I don't say, "pay me back whenever you can" no, I just give it to them. Never lend someone money you can't afford to lose.
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Old 04-08-2008, 12:08 PM   #9
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I'm not opposed to loaning money to someone I loved but no one has ever needed money.
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Old 04-08-2008, 12:14 PM   #10
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Kellyandgirls
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I would lend a friiend or family up to 20$ my firends have lent me a fe here or there!! it depends! we always pay eeach other back!! and its not much
and its a reason like one time one of my firends went to use her checkbook to pay for her portion of dinner well she opens up her checkbook and well
no checks were left!! things like that!!

other than that only my parents (or dh I would lend money too )
I would def not to dh sisters since all but 1 is very unreliable and will waste themoney! my Brothers wife I might lend her since she is reliable!!

Over all only our parents!! after all my parents have done soo much for us
and dh well they do nothing but expect a lot! but they still raised him and all!!
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