What is Breakups Divorce
Divorce or dissolution of marriage is the ending of a marriage before the death of either spouse. The main causes of divorce in 2004, according to a recent study, were extra-marita...
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OT - Lending money to friends
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Hi Guys,
Its been a while since Ive posted but I pop on every so often to read a post or two. Life kind of has a way of moving on and getting incredibly better over time. I still think about the crazy ex every so often but the pain and indecision are pretty much gone now. I can say that I'm happy. I do have a bit of a qundry though. A friend of mine lost his job a couple months ago. I gave him a place to crash for a week which turned into a month. He has moved out and has moved in with his nephew. He asked me today for a loan of 200-300 dollars. I have the money and it wouldnt hurt me to make the loan but I tend to be the guy in my circle of friends who makes these kinds of small loans and never sees the money back. I've not been in that situation with this friend (Ive never loaned him money) and don't want to punish him for something others have done but I'm also tired of being the guy that gives cash to everyone and never gets repaid. If this turns out to be another one of those times its going to hurt my friendship with this person. I guess my sense of generosity has been dampened a bit from being screwed and used on time too many. What do you guys think about loaning money to a friend? Posted on 10/07/09, 03:10 pm |
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Go with your gut. Tell him exactly what you told us. 
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I'll never do it again...learned more than one lesson. I guess when I do loan it, I think about the possibility that I would never see it again. I have no regrets but, they lost a friend. I've learned this lessons in three different occasions.
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There are people out there, that when you do one nice thing for them, they see it as an open door to continue asking for more.
I have 2 of these people in my life, and it's not easy. Never lend out money you cannot afford to lose....
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Ultimate, it's your decision, but, my question is - ho well and long have you known this friend? does he/she have the means to pay you back, and, do you trust this person? These are the questions I would ask myself if it was me in your position. Good luck!
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