Ever got into financial trouble because you loaned your money tp someone?
July 8, 2008 7:35am CST
Have you ever faced financial trouble because you loaned people money so they could get through the month, and eventually because you are missing this money you are in a very narrow position yourselve or have a hard time making it through the month? I have experienced this before and it makes me think it shouldn't be loaning money again, on the other hand you feel like you can't leave your friends and family high and dry. It can make a person feel very depressed knowing you are either dissapointing your family/friends and getting them in a hard position, but you want to keep your own head above water too. What would you do?
• United States
8 Jul 08
I've never experienced financial trouble from loaning someone a bit of money. I also do not loan so much that it puts me in a bind. I understand you wanting to help your family and believe me they will understand when you aren't able to loan them money because you don't have the extra to spare. Don't feel bad just help when you can.
8 Jul 08
Thank you for your kind and very descriptive response. I guess you are right but emotionally I feel very bad not helping someone out if I know they really need it but getting yourself into trouble isn't a good thing either. Thanks for adding to the dicussion.
8 Jul 08
This has happened to me many times. Enough times to where I am no longer concerned about certain peoples problems because of their bad economic descessions. There is a saying neither a barrower or a lender be. I personally feel its better to put yor self in a position using your cash where you have a place to grow and produce food not to mention live. After this yu can always give friends and family food a nd shelter if they need it. This is a tough thing and a good post but nice guys finish last. You sound very thoughtful. :)
8 Jul 08
Thank you so much for your descriptive and kind response. It's true, when you are caring for other people you might (and most likely) will come in second yourself. This is not a problem as long as you can manage yourself but when it becomes a problem it's good to get things sorted out :)
9 Jul 08
So basicly what your saying is that you will never lend out money but only use it for shopping? And would this be groceries, clothing or just extra stuff for yourself? It's a big difference if you don't want to lend money because you need to get yourself food or because you want to get yourself prada ;) It's still your call and nothing wrong with it, but just curious what you mean with shopping.