Community Chat

[cindyNC]

I have given money to one of my neices. She is not the favorite child in the family as she decided not to go into the family business.  Her mother will tell her she's going to help her with her school loan (which she paid entirely for the other sisiter) then decide the money needs to go to something else.  My neice's husband works very hard at a very difficult job and has frequently said he will do anything to support his family.  I have a great deal of respect for them. 

[Marsha2003]

I have given money to family and friends with no expectation of repayment.  I echo what other posters have said and that is that money seems to always cause bad feelings.

On the other hand, I have never lent money to friends and I never will.  I ghosted one acquaintance who kept asking me for large sums of money.  It felt awkward to keep turning him down, but I knew he wasn't responsible with money.  Plus, the amounts he requested were large and would have caused me stress in my own financial life.

[AuntG]

I would loan any member of my small family money, because without a doubt, they'd pay it back.

We have advanced small amounts to my husband's family. Once, a brother wrote us a $400 check, and it bounced. I was furious, but my husband wasn't upset or phased. He called his brother, who said he was sorry. He eventually paid it back $100 at a time.

My advice is that only you can decide if you want to loan money, but always have in the back of your mind that it may end up being a gift.

[hkrgrl]

money makes people funny (not the laugh kind)

give at your own risk, family or not.

and i agree about co-signing.  you are also responsible for the debt. think hard about it. 

if the bee disappeard off the surface of the globe, then humans would only have 4 years of life left. No more bees, no more pollination, no more plants, no more animals, no more humans
- Albert Einstein -

Plant native plants/ Plant pollinator plants/Plant host plants to your area!!!

[Puppy Lips]

I do not and have not loaned money to family.  I have never been asked.  Frankly, all other family members have more money than we do anyway.

We did loan about $400 to the Boy Scout Leader of our son's troup.  I don't remember what he needed the money for.  But he never paid us back.  He even came back asking for a bit more, which we gave him, not knowing he had no intention of paying us back.  I still have a piece of paper taped on the wall in my pantry of what he owes us.  It has been about 10 years now.  One would think I could let it go, but no.  He was not much of a leader, but our son did become an Eagle Scout.

As far as lending items, I do do that on occassion.  BUT, virtually every time I do, the item I lent gets damaged or broken.  So I am very wary about even doing that.  But I did just lend my Mom's walker and shower chair to our neighbor who fell and broke a hip.  I have no problem with doing that for someone who needs it.  They will take care of them because that is the type of people they are.  I hope so because I may need them some day.

[lynnie61]

I loaned money to my brother last year.  He paid it back within a month.  I'm blessed.  

[wagirl]

I've loaned my son a few thousands of dollars during his younger days---after high school--and he has never paid me back--he turned 47 a few days ago. Now-- bad on me for not confronting him about it--there were circumstances involved---but-----now that he has a wonderful wife that he loves  beyond--and a few come to jesus moments involving his dad, my now ex, and how that horrible man mistreated me and his sis---he is always willing and able to run to help us out whenever he can and whenever we ask. That to me is more important to me, than the actual money owed. And I am very willing to accept and to ask for his help. Have I loaned him anymore $$ --nope--and he hasn't asked. 

[qvcfreak]

When I purchased my cemetery plots they were having a really good sale. Buy one and get the 2nd for $75. I called my nephew and we both needed to give $300 down. He said he didn't have the $300 and I told him I would pay it and he can give it to me whenever. He paid me back a couple months later.