Hi Ali. There was a time when I was very casual about loaning money to people, and I really didn't do it with flair or conditions. I was pretty nice about it, and never asked for it back. (I was always naive enough to think they would pay me when they could. I never thought the worst of them). Also, I had more than enough, I was "comfortable", so the idea of sharing was healthy to me. Then a long time friend called me and told me she was about to lose her house, due to some complications with a second loan that went through OK but had fine print about some fees she had not noticed. I gave them several thousand dollars.They booked on me, and when I was finally able to track them down, a pitifully small check was sent. It bounced, costing me more than it was even written for. Eventually I had to write the bad note off (legally). I never in my lifetime would have thought this lady would do that. There are some real nice people out there, and I am sure that some pleas are truly valid, but I am no longer willing to loan money. Sometimes I give a little away, but that is different.
rohaan: Hi Ali. There was a time when I was very casual about loaning money to people, and I really didn't do it with flair or conditions. I was pretty nice about it, and never asked for it back. (I was always naive enough to think they would pay me when they could. I never thought the worst of them). Also, I had more than enough, I was "comfortable", so the idea of sharing was healthy to me. Then a long time friend called me and told me she was about to lose her house, due to some complications with a second loan that went through OK but had fine print about some fees she had not noticed. I gave them several thousand dollars.They booked on me, and when I was finally able to track them down, a pitifully small check was sent. It bounced, costing me more than it was even written for. Eventually I had to write the bad note off (legally). I never in my lifetime would have thought this lady would do that. There are some real nice people out there, and I am sure that some pleas are truly valid, but I am no longer willing to loan money. Sometimes I give a little away, but that is different.
No I don't lend money. <---- as I wrote that I just realized..I loaned my son's friend $20 and he gave it back today (he's a single father and needed to buy stuff for his infant son, I would have given it to him if he couldn't pay it back). So not sure if that counts!
I watch Judge Judy too much and it really does break up a friendship. Sorry that happen to you Rohaan!
I have in the past when ive tried to help out a friend and im still waiting to get it back. You think i would have learned ali,but the truth is i would probably do it again if i knew they wee struggling.
Yes I will lend money to my friends if I have extra because I always get it back and I always want to help someone in need. If I ever needed help, I know they would also help me too. What goes around, comes around, right?
trisher69: Yes I will lend money to my friends if I have extra because I always get it back and I always want to help someone in need. If I ever needed help, I know they would also help me too. What goes around, comes around, right?
good heart ,Sensible words ,Nice Thinking ,Loving and caring ,Polite and Kind you are
lifeisadream: Do You Borrow Some Money to your Friends ?
No, I do not.My father used to say:
“If you want to lose a friend, borrow some money from them or lend some money to them-
I saw so many friends having Transaction and they are toegther since a Long long time ,they didnt loose each Other ,The Help each other is a Good day and i think we should if we are in the Position ,Sorry Life.
crazyblondeone: No I don't lend money. <---- as I wrote that I just realized..I loaned my son's friend $20 and he gave it back today (he's a single father and needed to buy stuff for his infant son, I would have given it to him if he couldn't pay it back). So not sure if that counts!
I watch Judge Judy too much and it really does break up a friendship. Sorry that happen to you Rohaan!
crazyblondeone: No I don't lend money. <---- as I wrote that I just realized..I loaned my son's friend $20 and he gave it back today (he's a single father and needed to buy stuff for his infant son, I would have given it to him if he couldn't pay it back). So not sure if that counts!
I watch Judge Judy too much and it really does break up a friendship. Sorry that happen to you Rohaan!
I think the biggest lesson I learned, and one that has stuck to wall, is some careful prudent thinking about the issue before letting the person borrow, if you are going to do it at all. Remember--with extremely few exceptions, someone who needs to borrow money is already "in trouble", as it were. They are either gambling, or living beyond their means, something is going on that a loan will not "fix". So, when you loan, you should bear in mind that the next week, or the next month, will be the same as the current situation. Curious, I always marveled at how a friend could sit at the tavern and drink all night and play Keno and even the machines, couldn't get me back my 20 or 30. Kinda smells like a rat, doesn't it? Loaning money to a friend because they are in a little trouble only makes more trouble. It's off my list of "things to do".
ali110: good heart ,Sensible words ,Nice Thinking ,Loving and caring ,Polite and Kind you are
I totally understand the human side of it, being kind and generous, etc... but we are talking about a subject that has been discussed in many forms of media, and the general consensus is that borrowing or loaning money from or to a friend is so not a good idea. My grandparents were the most loving, accepting people I ever knew. They had been close and confident friends with some people who had moved a distance away, but not extremely far. One day they got a call from them, and I remember my Grandfather saying, "Ok. Come over and I'll have it ready". When my Grandmother asked what the call was about, he told her they had asked to borrow $100.00 (That would be equal to about 1300.00 today.. an enormous amount of money back then). Even though the friendship was a truly "golden" one, that incident put a deep gash in what was probably the nicest family friendship in centuries. Although they were re-paid, it scarred everyone. Borrowing and lending is NOT GOOD.
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Do You Borrow Some Money to your Friends ?(Vote Below)