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Money And Friends –Do They Mix?

Today’s topic is very interesting to me – money and friends. My question is, do they go together? Do you lend money to friends?

Yes, I have lent money to friends and sometimes it has worked out and sometimes it hasn’t.

When I lend money to someone it is based on a couple of things:

    • How well do I know the person?
    • Have I lent them money before?
    • If they don’t pay me back, will the money be missed?

I don’t always ask why they need the money or what they’re using it for. Typically if I lend money to someone they are a very close friend and they will have volunteered that information.

I never ask anyone to sign an “I Owe You.” The only question I want answered is, when do you expect to pay me back? That’s it and I NEVER bring it up again. I really dislike asking a friend to pay me back. If the deadline comes and goes the responsibility is on them to say something.

I will admit I have been burned in the past but I would still help someone out if they asked and I had the means to do it.

What are your thoughts?

  • Have you lent money to your friends?
  • Did they pay you back?
  • Would you do it again?
  • Have you lost any friends because of a bad situation?

I look forward to reading your comments.

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