Will you lend money to your friends?
20 Apr 07
I also have some bad experiences about lending money to friends. Some friends tend to forget that they owe you cash. So now I do not lend money easily. If I have extra cash and there is an emergency, I would lend him/her money. But if I believe he/she would just use the money on some trivial things, then I would have to say "NO".
14 Apr 07
will i lend money to my friends? well, if i can afford how much my friend will be needing, and i make sure that it is my extra. Once i lend them i treat that not as a loan but money to give and forget. If they pay it back, well that's good, if not..it's alright. If i can afford to share then why not.
• United States
10 Apr 07
I've been burned by friends that I loaned money to and never got it back. That happened 25-30 years ago and I haven't loaned money to a friend since. It's been my experience it's easier for a friend to walk away from the friendship than to pay the money back. Sadly I've watched our kids learn this same lesson. They're in their late teens and early 20's now. They got burned and won't loan money to their friends anymore either.
26 Mar 07
It's best not to mix friendship and money. I never lend money to friends. If a friend was in need, I would prefer to GIVE them a bit of money.
24 Mar 07
I think firstly, I need to know the reason for the loan. I mean, it doesn't really make sense if Bill Gates come ask me money for lunch. If I am really able, and his need is really greater than mine, depending on our friendship, I may lend it to him. But when you lend money to someone, you should always accept that it will be gone for good. Half the time, the money will indeed be gone for good. So if you are not prepared to simply lose the entire amount, refuse the loan. The money is yours and only you yourself can decide to part with it. It's your hard-earned money after all.