Comments on: Lending Money To Friends And Family http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/ Promotional Codes, Coupons & Deals + Money Saving Insights Thu, 24 May 2012 01:21:20 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Six Ways to Raise Emergency Cash http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-45848 Six Ways to Raise Emergency Cash Thu, 23 Sep 2010 17:36:44 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-45848 [...] from friends and family. Notice I didn’t say “borrow” from friends and family. Borrowing money from family members changes relationships, and I generally advise against it.  I personally do not lend money [...] [...] from friends and family. Notice I didn’t say “borrow” from friends and family. Borrowing money from family members changes relationships, and I generally advise against it.  I personally do not lend money [...]

]]> By: Loaning Money to Friends | On a Quest To Be Debt Free... http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-5677 Loaning Money to Friends | On a Quest To Be Debt Free... Tue, 12 Aug 2008 14:00:39 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-5677 [...] even though it’s difficult, saying “no” is often the best thing you can do for someone. If you are considering lending money to a friend: Don’t put yourself in a tight spot. Only loan money you can afford to lend, and make sure [...] [...] even though it’s difficult, saying “no” is often the best thing you can do for someone. If you are considering lending money to a friend: Don’t put yourself in a tight spot. Only loan money you can afford to lend, and make sure [...]

]]> By: Don’t Let Money Come Between Friends « http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-5560 Don’t Let Money Come Between Friends « Thu, 07 Aug 2008 16:46:59 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-5560 [...] even though it’s difficult, saying “no” is often the best thing you can do for someone.  If you are considering lending money to a friend: Don’t put yourself in a tight spot. Only loan money you can afford to lend, and make sure [...] [...] even though it’s difficult, saying “no” is often the best thing you can do for someone.  If you are considering lending money to a friend: Don’t put yourself in a tight spot. Only loan money you can afford to lend, and make sure [...]

]]> By: Creditors have better memories than debtors | The Wisdom Journal http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3365 Creditors have better memories than debtors | The Wisdom Journal Tue, 17 Jun 2008 07:32:08 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3365 [...] but in another way, the lender is a slave as well. The lender is a slave to the worry that the debt won’t be repaid. He’s a slave to sleepless nights wondering if he made the right decision. He’s a slave [...] [...] but in another way, the lender is a slave as well. The lender is a slave to the worry that the debt won’t be repaid. He’s a slave to sleepless nights wondering if he made the right decision. He’s a slave [...]

]]> By: Bushbaker.com » Identifying a Future Financial Catastrophe http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3121 Bushbaker.com » Identifying a Future Financial Catastrophe Sun, 08 Jun 2008 23:45:48 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3121 [...] Frugal Dad recently posted on a story from Get Rich Slowly on this topic. I don’t want to comment specifically on the contents of this blogpost - it is heart wrenching and frankly it does not need another blogger chiming in. However, I do encourage you to go to the sites and read what these two great writers have to say on the issue. [...] [...] Frugal Dad recently posted on a story from Get Rich Slowly on this topic. I don’t want to comment specifically on the contents of this blogpost – it is heart wrenching and frankly it does not need another blogger chiming in. However, I do encourage you to go to the sites and read what these two great writers have to say on the issue. [...]

]]> By: A Lifetime Away » Blog Archive » Lending Money to Friends and Family http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3093 A Lifetime Away » Blog Archive » Lending Money to Friends and Family Sat, 07 Jun 2008 17:02:47 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3093 [...] Lending Money to Friends and Family …long to teach a man to fish as it does to give him fish for a lifetime. … the spoils of today, many parents have squandered away savings for [...] [...] Lending Money to Friends and Family …long to teach a man to fish as it does to give him fish for a lifetime. … the spoils of today, many parents have squandered away savings for [...]

]]> By: Andy http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3077 Andy Fri, 06 Jun 2008 21:53:33 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3077 It depends on how you were raised and your family dynamics. Me? I would give every single spare penny to my Mom until she was back on her feet. Without a question. She is my Angel and I wouldn't even think twice. Others have different and less tight-knit family relationships, though. There is nothing wrong with their families. Just different is all. It depends on how you were raised and your family dynamics. Me? I would give every single spare penny to my Mom until she was back on her feet. Without a question. She is my Angel and I wouldn’t even think twice. Others have different and less tight-knit family relationships, though. There is nothing wrong with their families. Just different is all.

]]> By: Luke @ Money & Fitnes Blog http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3073 Luke @ Money & Fitnes Blog Fri, 06 Jun 2008 18:18:30 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3073 Frugal Dad, Very interesting article. I agree with you 100% that you should not be giving money to family as a gift. The last thing you want to do is have it be a problem with family. I think if anything, I try to avoid mixing money with friends. I think it can be awkward and difficult at times. Frugal Dad,
Very interesting article. I agree with you 100% that you should not be giving money to family as a gift. The last thing you want to do is have it be a problem with family. I think if anything, I try to avoid mixing money with friends. I think it can be awkward and difficult at times.

]]> By: Pete http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3072 Pete Fri, 06 Jun 2008 18:07:46 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3072 As a rule I wouldn't lend to family and friends. If you're going to give them money don't expect to get it back. In this case it sounds like it is more of a situation not of the person's making, so I think I'd be more inclined to help. But just remember - money has a way of changing and in some cases destroying relationships. Be very careful. As a rule I wouldn’t lend to family and friends. If you’re going to give them money don’t expect to get it back. In this case it sounds like it is more of a situation not of the person’s making, so I think I’d be more inclined to help. But just remember – money has a way of changing and in some cases destroying relationships. Be very careful.

]]> By: Daniel Cooper http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3064 Daniel Cooper Fri, 06 Jun 2008 14:09:48 +0000 http://frugaldad.com/2008/06/06/lending-money-to-friends-and-family/#comment-3064 Healthy boundaries are hard to establish when money is involved between friends and family. That being said, I believe helping someone no-strings attached is perfectly fine. It has to be hard for the mother in this situation to be in such a position, so just smiling and telling her you love her would be the appropriate thing. She'll probably feel horrible if she feels like a burden. Healthy boundaries are hard to establish when money is involved between friends and family. That being said, I believe helping someone no-strings attached is perfectly fine.

It has to be hard for the mother in this situation to be in such a position, so just smiling and telling her you love her would be the appropriate thing. She’ll probably feel horrible if she feels like a burden.

]]>