If a family member or friend who’s going through a hard time asks you for money, it can be hard to say no. However, giving out loans can strain your relationships and your finances, especially if you never get your money back. Here are 15 people you should probably be careful about loaning money to. 1. New Boyfriend or Girlfriend It’s a bit of a
4 Signs You’re Being Too Financially Generous
Growing up, my parents were always generous with everyone around them. My mom would give my teachers Christmas gift bags that were almost as tall as I was. My parents bought a house with a guest suite so my mom’s sisters could live with us to save money. Whenever we’d go out to eat with family or friends, my parents would always grab the bill
Should You Pay Interest After Borrowing Money From a Friend?
No one wants to be in a financial position where they need to borrow money from friends and family members to stay afloat. But the pandemic has put many people in a tough spot, especially now that stimulus payments like the child tax credit have ended. If you lost your job or had to take unpaid time off work to recover from COVID-19, you may
Why Loaning Money to Friends is a Bad Idea
You’re approached by a friend who’s about to be evicted from his apartment. He needs $500 to keep his home and he knows you’ve got the money. He asks for a loan and tells you that he can pay you back next month. Would you lend him the money? Why You Shouldn’t Loaning money to friends and family is a touchy subject. After all, you