Though it may be a comforting thought to think that friends and family will be there to help you when money problems come, it probably it best if they are your last attempt to gather the funds you need for... whatever the (C) you are trying to get or pay for. With friends, nothing will complicate friendship faster than money. Worst case scenario, your out cash, and with dead friendship. With these hard and trying times, understand that the person needing the money is not the only individual in the grand scheme. Maybe you need to cover a bill, and a friend/family member can help you out. But in most cases, this will also put them in a bind, and if for whatever reason that individual is unable to pay on time, (Murphy"s Law) the lender is the one left to hang. For small amounts, in my personal opinion, they are ok-ish if paid fast, and not done with high frequency. It gets annoying. I've been on both ends, lost 10 grand in total to family on my wife's side. I'm a sucker for her sad puppy eyes. I've also hit hard times because of that. Thank God my house is paid for.
If your the one asking for money, don't betray that trust, this is a very difficult issue, and a very delicate situation on almost every level almost every time.
If they are asking you, lend only as much as you can afford lose, and expect the worst. If they are asking in the first place, they probably can't gather the money to begin with to repay in a timely manner(Laid off, cut hours, ect...) so don't take it to heart.
If the situation is they are ok, and just need a down payment on something because it's Christmas, you both are in a better situation, and maybe you can get your name in on the gift and score some brownie points with someone (receiver of the gift) if it's not something sentimental like a ring, ect...
My prayers are out to the all hitting hard times, we all know all too well how that is. Heh, that sounded southernish... "We all know all too well how that is..."
And I agree, but always it is a delicate situation. There is much at risk, being money, good standing with the other individual, even at extreme cases,Cough dependency. My family never talks to one another, Thanksgiving and Christmas especially, but my wife's is pretty close knit. So it was not something I was accustomed to.
I've never had to. There were times when I was in a bad way financially but I always found a way through it. My parents did give me a college graduation present of forgiving a loan they gave me when I was trying to start a business though.
No honestly i've found when it comes to family members and owing money it can cause a lot of bad blood. I've lost some family members because of money issues, which is sad.
i do sometimes rely on my friends, to by me lunch, sooner or later i pay them back, its just cauae sometimes, i dont have the money.. the economy sucks butt!
ya at times when its really needed i do ask ma frnds relatives rarely its okay asking them but being dependent is is strict no no
ya at times when its really needed i do ask ma frnds relatives rarely its okay asking them but being dependent is is strict no no
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