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Boo · 12-27-2003, 08:19 PM

I only lend money to myself. Then I can blame myself for not paying myself off.

If someone had a true need for money, I usually give what I can. I don't however expect it back. I do however expect the same should I ever get into money problems.

Rarely do I give the total amount a person says they need. If you are in money problems and consistently get bailed out. You won't learn how money works.

Loaning money to family or friends is a bad idea. Nobody wins. I gift of an amount of money, however small, may strengthen the relationship.

IMHO,
A person should NEVER EVER borrow money for gifts. If you can't afford to give material items, then bake cookies, shovel their driveway or mow their lawn. People that would think less of you for this are not your friends anyway.

I had a guy working for me that was flat broke and Christmas was coming. His wife was putting HUGE pressure on him. THe year before she put over $2000 on credit for their 2 kids' presents. The kids were very young and would have a great time opening empty boxes. Throw in a couple stuffed animals, some coloring books, a plastic toy and they would have been plenty happy.
He talked his wife into it. He finished paying off the x-mas dept of $2000 18 months after. He also talked his wife into creating a Christmas fund. He learns quick. Pay cash.

12-27-2003, 08:19 PM	#21 (permalink)
Boo Leave me alone! Location: Alaska, USA	I only lend money to myself. Then I can blame myself for not paying myself off. If someone had a true need for money, I usually give what I can. I don't however expect it back. I do however expect the same should I ever get into money problems. Rarely do I give the total amount a person says they need. If you are in money problems and consistently get bailed out. You won't learn how money works. Loaning money to family or friends is a bad idea. Nobody wins. I gift of an amount of money, however small, may strengthen the relationship. IMHO, A person should NEVER EVER borrow money for gifts. If you can't afford to give material items, then bake cookies, shovel their driveway or mow their lawn. People that would think less of you for this are not your friends anyway. I had a guy working for me that was flat broke and Christmas was coming. His wife was putting HUGE pressure on him. THe year before she put over $2000 on credit for their 2 kids' presents. The kids were very young and would have a great time opening empty boxes. Throw in a couple stuffed animals, some coloring books, a plastic toy and they would have been plenty happy. He talked his wife into it. He finished paying off the x-mas dept of $2000 18 months after. He also talked his wife into creating a Christmas fund. He learns quick. Pay cash. __________________ Back button again, I must be getting old.