Mey here on a breezy cool Tuesday evening, to boys went grocery shopping and left me to speed blog about today’s HOT topic – Do You Lend Money To Your Friends?
…I did a scope (live video on the Periscope app) today and asked this question, and got a lot of interesting responses…
…one lady had lent money to her brother, and was still waiting for him to pay her back…
…she said he was going through hard times…
…and that HE’S ALWAYS going through hard times…
…another live viewer from Vermont said that they never lend money to friends, if it’s under $100 they just give them the money…
…said it’s not worth the emotional hassle…
…tell me about it!
…some people are good about paying back money and some just are not at all!
…what happens when someone stops paying you back and they still owe you money?
…no one wants to collect money, it’s hard on the collector and on the person who owes the money!!!
…don’t need those types of situations =)
…actually, I’ve been on both sides so I have compassion for the lender and the borrower…
…and my life experience tells me that it really comes down to circumstances, though in general, do not lend money to friends and family unless you are ok with not getting it back…
…what would you do?
…would you pretend that you don’t care?
…would you tell them to pay you the rest?
…would you forgive their debt?
….what would you do?
…tell me your stories on lending money to family and friends in the comments below!
Great post! My wife and I, if we do lend to friends, will only do it with the understanding that we can afford to not be paid back.
Thanks for the comment Cory, and I think you and your wife have a good understanding on how to lend money to friends…
i am very selective when it comes to this just because there are some friends of mine who will never pay me back. great question
True! I don’t lend money to friends anymore, not unless they give me real collateral that I keep in my house…