Do you lend money to your friends or family???

United States
June 16, 2010 6:20am CST
I would do anything for my friends and family and would give them money if I could afford it, but I don't think lending money is a good idea. I know myself and realize it would be almost impossible for me to try to collect if they didn't pay me back. Almost 30 years ago, I lent a friend money so we could go to a concert and she never paid me back. Do you lend money to your friends and family?
2 people like this
22 responses
@brylle454 (608)
• Philippines
16 Jun 10
It really depends on my friend or family, if he or she is known that always avoid paying back what he or she owes, then i might as well avoid him or her. Anyway, if i can feel that he i sincere and needs my help, then i am willing to lend him or her my money, especially if its for a good purpose like health problems or business.
@Neo333X (171)
• Romania
16 Jun 10
The same, if is for a good purpose a lend him money but if he can wait a couple of days then I say to him to wait a little, don't hurry up.If it's urgent and also important I lend him money, but I only lend to friends who pays back.I might lends to a friend but if he doesn't pay back the first time I never lend him again.
• India
14 Sep 10
Yes i lend money to friends if and only if i'm able to lend...i've been readily lending money as the amount are not that huge...it the lending is for small snacks here and there i dont bother taking it back...but if its a substantial amount then i would require it to be returned back to me especially from friends...but then again i cannot directly ask them to pay..i hesitate in asking for returning it back, but eventually i end up getting it back say 5 months afterwards or a year, but i get it back...i dont loose on it..and absolutely nothing chnages in terms of relationship.
• United States
14 Sep 10
I think lending money to friends or family is a bad idea too. If money is involved in any relationship, there would be conflicts and fighting. That said, I recently did lend my mother some money from my college funds to help her repay her credit card debt. I know that it's not a wise idea but she is still my mother and I need to help her.
@o0jopak0o (6405)
• Philippines
17 Jun 10
well yes but not much because as you are, its almost impossible to collect it. i have so many memories of this so i don't lend anymore.
@manubla (472)
• Philippines
17 Jun 10
I do, but only to a certain extent. I have a budget for this. And I'm not pressured not to say NO if I can't. The only drawback on my end is that I'm not comfortable at collecting hehe. What I try to do though is to ask friends to collect on my behalf :D.
• United States
17 Jun 10
I generally don't loan money to anyone not even family because I know that it rarely ever gets repaid. Usually people try to make you feel guilty and guilt you into not expecting them to pay it back because 'you're family'. I think it's crazy. If you're really hard up for cash, I mean seriously and you need it to get gas to get to work or something, sure I'll give you $20 but I want to be with you when you use it. I want to make sure you're using it for what you say you're using it for.
@xasasa (323)
• United States
17 Jun 10
Usually when I am able to to lend money, I do not think of it as lending money. I do not think any amount of money is worth losing a friend or fighting with family.
@manojt2 (179)
• India
17 Jun 10
I would like to lend money atleast in my family members, but financially I have many constraints and unable to do that. On the contrary I borrow money from my brother or aunty who are more stable financially than me and I always pay them late. I am very ashamed of this, but can't help. The income is so low that I myself can't keep uptodate. There's no way to save some extra and pay back. Hopefully something good will happen and I will attain a position to help others too.
@kasman (78)
• Indonesia
17 Jun 10
yes, i like to help my friend and my family with lend them for little money. But i sometimes so sad because i need money but they didn't paid back i never lend them until they pay what must my right. in friendship connection still as normal, in money i never lend them again until they have been paid credit
• United States
17 Jun 10
I do lend money to my friends and family, but I never expect them to return because when they ask for money they really mean can I have some money. I do that as well, but I give them gifts or treat them back to dinner or lunch as a way of paying them back. They do the same so we have an understanding that we need to have some sort of fair exchange.
@sender621 (14934)
• United States
16 Jun 10
Lending money to friends or family turns out to be something other than lending. In most cases, it is gift giving time. With friends and family and exchanges of money, you don't always see it returned to you.
@dodo19 (39457)
• Beaconsfield, Quebec
16 Jun 10
My husband and I has definitely lent money to them. We've done it more for my husband's sister and his mother. We've lent them money for gas, food, or something like that. We've done it whenever we can, as right now, we're somewhat in a better situation.
• United States
16 Jun 10
Here's the way I see it: Helping people is a very good thing. But in order to help people you've got to be able to help yourself. If you can't afford to loan someone money for whatever reason, I would suggest don't do it unless they plan on paying you back...maybe with a little interest or you have enough money to spare and don't care whether you see it again. Regards, Daniel P. Collins
@jillbeth (2710)
• United States
16 Jun 10
My opinion is that one should never loan money to friends or family that you can't afford to give to them. Consider it a gift (although you don't have to tell THEM that) and be pleasantly surprised if they ever actually pay you back. I have lent a large sum of money to a friend who has never paid me back, and with family members we loan each other small sums back and forth and don't really keep a record of who owes who what. It's family so it all comes out in the wash.
• Philippines
16 Jun 10
I only lend money to the people that I know would pay, and that I know I won't have a hard time asking for the payment.. Regardless if it's a friend or a family member, what I look at really is that if they can really pay me when the debt is due or if I suddenly needs the money.
• Philippines
16 Jun 10
hi there kimber. ;-) well, nothing would be more helpful than helping a friend or family in times of need. however, when it comes to finances, am quite of a stingy person. not that i do not want to lend money, but i don't have anything to lend. haha. when i have the dough, yes i do. but when i do lend money, i make sure that there is something left for me. i dont want to lend money and sooner or later i ask for loan. but of course if the need is urgent, i of course, help. there are some instances where i refuse because i know what will be the drawback if i do. there are some friends who borrow money, this is based from my experiences, then they "forget" to pay you back. and with my, i do not like asking what was asked from me. i dont know, but i tend to be shy when it comes to money matters. and i have this friend who does it all the time. just because she knows that i won't ask for it in return, she just deliberately forgets to pay. amfpt! with family, even if its my last cent, i give it. i do not lend it. famly always is the priority of course. so, any cash to lend me? haha. happy mylotting!
• India
16 Jun 10
I do lend money at times of need ,but only to my close friends and close relatives , whom i could trust upon for repayment. I prefer to say no straightly to others whom i don't know much or not trust them .
@llbo1981 (1241)
• China
16 Jun 10
I will lend money to family and close friends if i can afford it.In my opinion,family and close friends play an important role in my life,they also help me a lot.So if they need money,i will lend it to them.This is the exchange of feelings each other.
@aliya27 (79)
• Kenya
16 Jun 10
well, i believe only those close to you should be given the benefit of the doubt, everyone else......no way!
@icegermany (2524)
• India
16 Jun 10
there are times when any of the family member is really in a need and i think this is the time we can help out our family. when we are young parents take care of us and we siblings play together and share everything then whynot share a little money when we are in need in future. if we are in a good position and can afford to help them then we really have to go forward and help.