Comments on: Loaning Money to Friends and Family http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/ Just Like Grandma Used to Make Tue, 25 May 2010 11:17:11 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: Cathy http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/comment-page-1/#comment-107 Cathy Tue, 26 Jan 2010 22:55:16 +0000 http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/#comment-107 John C: It is such a sensitive topic, and you're right, so many people want to avoid it. It's sad to say, but blood does not run deeper than money...unless you purposefully intend for it to be that way. For a current event demonstration of this effect, look at what happened with Nancy Kerrigan's brother in the news. Her parents loaned him money for his mortgage amongst other things, and it only caused pain and suffering for the family, with a tragic ending. Jack L: Glad you found this useful! Thanks for bookmarking my blog - I'll work on having more regular updates. Appreciate you visiting! John C: It is such a sensitive topic, and you’re right, so many people want to avoid it. It’s sad to say, but blood does not run deeper than money…unless you purposefully intend for it to be that way. For a current event demonstration of this effect, look at what happened with Nancy Kerrigan’s brother in the news. Her parents loaned him money for his mortgage amongst other things, and it only caused pain and suffering for the family, with a tragic ending.

Jack L: Glad you found this useful! Thanks for bookmarking my blog – I’ll work on having more regular updates. Appreciate you visiting!

]]> By: Jack L. http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/comment-page-1/#comment-105 Jack L. Mon, 18 Jan 2010 14:19:15 +0000 http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/#comment-105 I appreciate the helpful tip you essay in your post. I will bookmark your blog and have my son check up here regularly. I am rather sure they will learn a lots of new stuff here than anybody else! I appreciate the helpful tip you essay in your post. I will bookmark your blog and have my son check up here regularly. I am rather sure they will learn a lots of new stuff here than anybody else!

]]> By: John C. http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/comment-page-1/#comment-104 John C. Mon, 18 Jan 2010 13:35:06 +0000 http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/#comment-104 I admit, I have not been on this webpage in a long time... however it was another joy to see It is such important topic and avoided by so many, even specialist. I thank you to help making people more apprised of possible problems. I admit, I have not been on this webpage in a long time… however it was another joy to see It is such important topic and avoided by so many, even specialist. I thank you to help making people more apprised of possible problems.

]]> By: Cathy http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/comment-page-1/#comment-60 Cathy Tue, 14 Apr 2009 23:27:58 +0000 http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/#comment-60 Absolutely, Baker. My friends and family will always have food and a warm bed. There have been times when I needed the same. Absolutely, Baker. My friends and family will always have food and a warm bed. There have been times when I needed the same.

]]> By: Baker @ ManVsDebt http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/comment-page-1/#comment-59 Baker @ ManVsDebt Tue, 14 Apr 2009 23:21:26 +0000 http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/#comment-59 Cathy, my wife and I have adapted this exact same philosophy and it has worked wonders for us. Isn't it so amazing to not have to struggle with the decision anytime some one approaches you? My friends know we don't "loan" money, but they know they'd always have food and a place to stay if they needed it. In addition, we'd bend over backwards even financially if a friend had a true emergency... we would just make it a gift the same as you do. Great post! Cathy, my wife and I have adapted this exact same philosophy and it has worked wonders for us. Isn’t it so amazing to not have to struggle with the decision anytime some one approaches you? My friends know we don’t “loan” money, but they know they’d always have food and a place to stay if they needed it. In addition, we’d bend over backwards even financially if a friend had a true emergency… we would just make it a gift the same as you do.

Great post!

]]> By: Cathy http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/comment-page-1/#comment-58 Cathy Mon, 13 Apr 2009 22:39:57 +0000 http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/#comment-58 Follow up question: Has anyone loaned money to a friend/family member and had it not affect your relationship? How did you make it work? Follow up question: Has anyone loaned money to a friend/family member and had it not affect your relationship? How did you make it work?

]]> By: Cathy http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/comment-page-1/#comment-56 Cathy Mon, 13 Apr 2009 19:39:43 +0000 http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/#comment-56 Hi UKcards. Yes, it's unfortunate that money changes the dynamic of a relationship. Many people who have given personal loans later regret having done so. Hi UKcards. Yes, it’s unfortunate that money changes the dynamic of a relationship. Many people who have given personal loans later regret having done so.

]]> By: UKcards http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/comment-page-1/#comment-55 UKcards Mon, 13 Apr 2009 15:40:32 +0000 http://rainydaypennies.net/2009/04/loaning-money-to-friends-and-family/#comment-55 Interesting topic. I agree that if a close friend or family member asks to "borrow" money, it's probably best to simply give it to them as a gift. It removes the obligation of paying back and therefore removes the opportunity for a bad situation. I did this once and even though I presented the money as a gift to a family friend, they paid it back without even asking for it. Good advice indeed. Interesting topic. I agree that if a close friend or family member asks to “borrow” money, it’s probably best to simply give it to them as a gift. It removes the obligation of paying back and therefore removes the opportunity for a bad situation. I did this once and even though I presented the money as a gift to a family friend, they paid it back without even asking for it. Good advice indeed.

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