A 'friend' wants to borrow money - what should I do? (children, feel)
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a friend, we have not connect each other for about 1 year, who suddenly ask me to borrow $2000 to her, i am very contradictory, and my close friend and bf suggest me not, how can i do?
Tell her you value ya'll's friendship more than anything,
and you never loan money to friends for that reason.
I lent a close family member a large amt who promised to pay me back. I knew that they were in financial trouble but I told them to give me 'something' every month and I would be happy.
Five years later and I have a total of $100 paid back.
My motto is think of giving money as a gift and if you get it back that is a bonus
I lent a close family member a large amt who promised to pay me back. I knew that they were in financial trouble but I told them to give me 'something' every month and I would be happy.
Five years later and I have a total of $100 paid back.
My motto is think of giving money as a gift and if you get it back that is a bonus
Agree. Some of us had to learn the lesson the hard way
Be generous to your friends as best you can, GIVING them money when they need it, expecting nothing back. Give out ONLY as much as you yourself can afford to loose.
If you loan money out to friends and family, it's way too likely that your expectations won't be met, both on how it's spent, how (when and if?) it's repaid, and how they handle their other finances. All are easy triggers to damage your relationship.
Just tell them that you don't have that kind of money available to loan. Offer to give them $50, saying pay it back when you can. But don't give them any more until they do.
If it were your best friend in the world, that would be one thing. Even then, lend out only that money that you never expect to see again.
But this person disappears for a year then shows up wanting two grand?
Here's what you do. Simply say, "I just don't have that kind of money to lend." And then see what kind of person he/she turns out to be. Chances are you won't hear from that friend again.
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