Lending?

my dad taught me never a borrower or lender be and the few tunes Ilent money I never did get repaid so its not worth it

you are better off giving them what you can afford to never see again.

Yes I agree with that. Don't borrow or lend money which is high risk today

They do say that the quickest way to lose a friend is to lend them money. If people are really in need for a genuine cause I would rather give them the money.

i agree with yer dad. i was always told "neither a lender nor borrower be".

@Inlemay - (1) I really like the photograph of the vintage and abandoned old car, and (2) If I can help someone really in need of help, one thing or another, I follow the example of one of my neighbors who loaned me the use of some equipment one time. "Do something nice for someone else," is what he charged for the loan.

It would all depend on the relative and the amount.

I learned my lesson on lending money to a newphew who was so adamant about paying it back (lip service) I never saw a penny of it and from then on I would not lend money to anyone.

I am likely to lend money to a family member I'm close to. A "distant" relatve is different though. I won't know whether to expect it back or not. I'm not above giving charity if I have the money to spare. If family, no matter how distant is bad off and needs help I am willing to help them without expecting it back. But ONLY if I have the cash to spare.

My response is never also!

Lending money is never a good idea unless you lend it without any expectations of getting it back.

I agree with your dad. Never. Solomon said much the same thing in Proverbs.

I must admit I don't like lending money to friends or family - it makes me uncomfortable and too often ends in tears/messed up relationships

I don't like to lend money , it is better to give if I can. I have never got back 'lent' money. What about you?

If it's a close family member, then I'll help out, if and when I can. But not to distant relatives.

You can lent money to the people who are very close and you are convenient with that person. Where there is a business, we only talk about business keeping friendship or relation aside.You can lent to those kind of people.If you are so sensitive and your relation gets hurt easily for silly thing, its better not to lent them. Thats what i do.

Your Dad is 100% right!

A tricky question. I'd say that there is no general answer. It depends on who's asking.

Well I think we always follow our dads advice and his advice was 'Neither a borrower nor a lender be'. Although I have lent some people money I would never ask to borrow but then I have been fortunate I guess. I have heard of some horrible stories of people who have ended up in fights over money even resulting in court action so I guess follow your dads advice. I think it is a different kettle of fish when it is your own kids as you would not want them to suffer but a distant relative would depend how distant they were and if they were really in dire straights.

I dont do that anymore, its never good buissness when lending money to relatives or friends!