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re: A good buddy called me asking for money yesterday. Update 6/12

Posted on 5/26/23 at 10:56 am to
Posted by MikeAV8s
Member since Oct 2016
1791 posts
Posted on 5/26/23 at 10:56 am to
I never, ever loan money. I am not a bank. That said, if someone is in need and I have the means to help, I just give them what they need. If they give it back at some point, I’ll take it, but I never ask nor expect it back.
Posted by shel311
McKinney, Texas
Member since Aug 2004
111291 posts
Posted on 5/26/23 at 10:59 am to
quote:

If he needs emergency money to make it to the next paycheck or two because of a liquid cash issue and you didn’t give it to him, that’s messed up.
Disagree with giving him cash with no strings attached given the scenario.


I see no reason why the OP should have to sacrifice if his friend can't even commit to sacrificing and goes the other way and actually gets mad at OP for suggesting he make some sacrifices and cuts back.
Posted by SixthAndBarone
Member since Jan 2019
8458 posts
Posted on 5/26/23 at 11:02 am to
quote:

I never, ever loan money

quote:

if someone is in need and I have the means to help, I just give them what they need


Huh?
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 5/26/23 at 11:02 am to
quote:

Huh?



what don't you get about that?
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
6644 posts
Posted on 5/26/23 at 11:02 am to
You expect to be repaid on a loan
Posted by castorinho
13623 posts
Member since Nov 2010
82099 posts
Posted on 5/26/23 at 11:02 am to
quote:

Huh?
give, not loan
Posted by shel311
McKinney, Texas
Member since Aug 2004
111291 posts
Posted on 5/26/23 at 11:05 am to
quote:

If he pays you back great but money isn’t worth losing a friendship over.
Agreed that money isn't worth losing a friendship over, but in this scenario, it's not the OP that would be choosing to lose the friend so it really shouldn't apply to him.

That line should apply to the friend asking for money. If OP says no, money isn't worth losing a friendship over should be the line for the friend, not OP.
Posted by thejuiceisloose
Member since Nov 2018
4346 posts
Posted on 5/26/23 at 11:11 am to
quote:

That’s a lot of meat on the bone right there. I quit restaurant dining and get rid of the boat and side by sides before I make that call.


Brinleigh's U 12 softball team HAS to go to walk ons after the world series in Denham Springs

quote:

just gotta get through this stretch.


I think we all know this phrase is a lie


quote:

It’s an unfortunate situation many people across the country are going to be facing soon. The writing has been on the wall and people have consistently ignored it.


Ole baw will undoubtedly blame Biden
This post was edited on 5/26/23 at 11:33 am
Posted by UncleLester
West of the Mississippi
Member since Aug 2008
6691 posts
Posted on 5/26/23 at 11:12 am to
quote:

She drives a 2 year old Yukon XL


Sounds like your buddy needs to Moonlight for Uber/Lyft/Food Delivery before asking anyone else for a handout.
Posted by OU812ME2
Earth
Member since Jun 2021
842 posts
Posted on 5/26/23 at 11:14 am to
quote:

We just started paying teenager car insurance last month. Good times


We have 2 boys. 20 and 17. Both good grades all the discounts. All of us with clean driving records. I was with Safeco and each kid doubled + my insurance. I was paying $806 a MONTH! That was also with a discount of bundling my home. So I was paying Safeco $950+ a month.

Switched to USAA and it is now cut in half! If you're eligible for USAA, I'd at least shop it. I also cut my comcast tv only keeping the internet side for another $130 savings. So I gained around $600 just by making the changes. It's crazy how little things just creep up on you.
Posted by shel311
McKinney, Texas
Member since Aug 2004
111291 posts
Posted on 5/26/23 at 11:14 am to
quote:

Which is why this whole story feels very fake or at least heavily embellished.

Completely disagree.

Not so much any more as they're in a better place but I have a family member who had 2 or probably 3x more than I did around a decade ago, always on vacations with friends, new(technically used) and different luxury vehicle every couple of years...at least a couple of times a year they'd reach out to me for money. Not to borrow, just to give me them money.

Admittedly, I'd give it to them every time. I know that is enabling or whatever but in my scenario, this family member has done more for me when I was younger(financially and non-financially) than I could ever pay that person back for, so I didn't mind doing it.

But rest assured, it did happen. So I don't see any reason why this story would automatically be fake, I think this type of shite happens all the time.
Posted by DakIsNoLB
Baton Rouge
Member since Sep 2015
625 posts
Posted on 5/26/23 at 11:14 am to
I might be willing to help with bills if I can pay them directly. Had it happen where someone I helped with bills didn't actually pay those bills.
Posted by momentoftruth87
DeSantis Country
Member since Oct 2013
72939 posts
Posted on 5/26/23 at 11:14 am to
I have had to deal with this a few times, luckily I have been paid back in full, but I dont think I would ever do it again.

Wife has a friend that I see this happening to soon. They just got a new vehicle and now going on vacation. The last few weeks the girl has been asking to help my wife with her business to earn some money. Pretty sure she got the new vehicle because her sister got one

I am not rich by any means but dont give a shite about trying to impress people. My friend circle is pretty tight and small to avaoid unnecessary drama.
Posted by TheFonz
Somewhere in Louisiana
Member since Jul 2016
20585 posts
Posted on 5/26/23 at 11:14 am to
In my younger years I had some rough financial patches. I'd do everything single thing possible to pull myself out of the situation before even fathoming hitting a friend up for cash. I've taken on second jobs, etc. to take care of my business.

For me to loan money like that, it would have to be a friend very near and dear to me. And before handing it over, I'd have to have a sit-down with them to go over their problems, exhaust all possible solutions, and come up with a payment plan. I'd want to know exactly where my money is going. Even then I'd be very, very reluctant.
This post was edited on 5/26/23 at 11:16 am
Posted by Rouge
Floston Paradise
Member since Oct 2004
136939 posts
Posted on 5/26/23 at 11:15 am to
Call J.G. Wentworth

877-CASH-NOW
Posted by shel311
McKinney, Texas
Member since Aug 2004
111291 posts
Posted on 5/26/23 at 11:15 am to
quote:

You did. If you truly thought of him as a friend, you would have helped him out
What?

He did offer to help him out, did you miss that part?
Posted by tss22h8
30.4 N 90.9 W
Member since Jan 2007
18678 posts
Posted on 5/26/23 at 11:16 am to
quote:

He needs to watch some Financial Audit or Till Debt Do Us Part videos on the 'tube
A little Dave Ramsey might do him some good, too.

The Mrs. would benefit as well.
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
6644 posts
Posted on 5/26/23 at 11:17 am to
quote:

So I gained around $600 just by making the changes. It's crazy how little things just creep up on you.


Now take that $600 and go finance you a SxS baw, it's the OT way
Posted by shel311
McKinney, Texas
Member since Aug 2004
111291 posts
Posted on 5/26/23 at 11:18 am to
quote:

There's nothing more aggravating than having someone that owes you money yet when you look at their Facebook and they are traveling, buying shite, eating out, etc

This is why I could probably never do it. I know I just said above I did, but it was more of a situation with someone I'm basically forever indebted to for the shite they did basically helping raise me as a kid, blah blah blah.

But outside of that scenario, I could never do this because I know the type of person I am, and there is zero chance I could not say anything after I gave a friend $3k and 3 months later, they're posting pics of their family vacation to Hawaii. I know myself, and I'd 100% say something that wouldn't go over well and it wouldn't matter as that would be the end of the friendship from my perspective the moment they made a big luxury purchase without paying me back. I just couldn't do it.

And given that the friend got angry when OP discussed him cutting back, this friend was also going to 100% make another luxury expenditure in the next 6 months or so, no question.


Basically, given that exact scenario, I feel like I'm losing a friend no matter what, so I may as well keep a few 1000 in my pocket in doing so.
This post was edited on 5/26/23 at 11:19 am
Posted by CharlesLSU
Member since Jan 2007
31961 posts
Posted on 5/26/23 at 11:22 am to
Meanwhile I’m facing $80k in college expenses for my twins next year.
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