This issue was decades old now and I think will go on from years to come. Have you even heard of this from the conversation of your parents and relatives? Things like money matters from debt, sometimes it's bugging in the ears. The issue is they can't get over with it year after year.
So here's some tips or you may call it rules to lending your friends and family without having conflict on the end.
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| Photo credit to lendingmemo |
1. Lend if you feel you don't need the money. Well, we all need money right? But there are times we think we had spare to share. Don't lend specially if you really need it next week or next month. Don't settle with their promises because sometimes it screwed up in the end, making you disappointed.
2. Lend if it feels comfortable for you. I know we had this generosity nature but sometimes we're not at ease about it. So if you can't sleep at night don't do it.
3. Lend to person you trust. By lending with trust, you eliminate the subject of worry. That will make you sleep worry free. If you can't say no. You can just lend 50% of what he ask and to lessen the risk. I heard story like this and the borrower said you have 50% debt from me by just lending me 50%. Just ridiculous right?
4. Lend and be sure not to hurt your feeling if it wasn't paid back specially if it's your family. That's why in rule #1, I told that lend if you don't really need the money.
5. Lend to help genuinely but not to tolerate their poor money handling issues. Because you're not helping them at all. You can instead advice them money management tips to take care their finances.
6. And lastly don't curse your friend or family if it wasn't paid back. At the end of the day it is still just money, you can just find a way to earn it back. You can't just say "Abuloy ko na lang (funeral donation)" It's not good thing to say honestly.
This issue recur from time to time. It happens everywhere and anytime. To avoid big issues about it try to consider the list above so you can live happily ever after. If you have your own list feel free to add it below in the comment box.
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