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Started By
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re: Anyone ever have a friend ask for money and you have to turn them down?
Posted on 9/18/25 at 8:21 pm to TigersHuskers
Posted on 9/18/25 at 8:21 pm to TigersHuskers
Fell for it once. Never again.
If you give them money, just make it a gift, not a loan. It's the only way you'll stay friends.
If you give them money, just make it a gift, not a loan. It's the only way you'll stay friends.
0
Posted on 9/18/25 at 8:23 pm to TigersHuskers
Posted on 9/18/25 at 8:28 pm to TigersHuskers
I won’t lend money to family. If they money need it I gift it with no expectation of repayment. Never loan and expect payback it’s a formula for disaster in the relationship.
Posted on 9/18/25 at 8:29 pm to TigersHuskers
quote:
I just don't know how I can let him down easy.
Don't loan him anything, just give him what you can without causing yourself any financial issues.
Posted on 9/18/25 at 10:22 pm to TigersHuskers
Yes
And it there is reason there is a very old adage that goes....never loan money to family or friends.
And it there is reason there is a very old adage that goes....never loan money to family or friends.
Posted on 9/19/25 at 2:36 am to TigersHuskers
If your friend has medical debt from a serious condition, loan the money. If your friend is in debt because of his lifestyle, don’t loan the money.
On the flip side, I look at loaning people money as go away payments. Also, I have agreed to loan money before only with a promissory note . You will be surprised how many friends got upset and said forget it. Good luck but don’t beat yourself up. It’s your money.
On the flip side, I look at loaning people money as go away payments. Also, I have agreed to loan money before only with a promissory note . You will be surprised how many friends got upset and said forget it. Good luck but don’t beat yourself up. It’s your money.
Posted on 9/19/25 at 3:04 am to TigersHuskers
Do not loan this person money. If you want to GIVE the person money, you need to have zero expectation on receiving any back.
Zero.
Either help with zero expectations or don't help at all.
Zero.
Either help with zero expectations or don't help at all.
Posted on 9/19/25 at 3:24 am to The Boat
quote:
This is why I don’t flaunt our wealth and pretend to be poor
This
and only give what you can afford to never see again because you won't
Posted on 9/19/25 at 5:24 am to TigersHuskers
quote:Yes
Anyone ever have a friend ask for money and you have to turn them down?
quote:No chance I'm doing this
who is close to losing his apartment in Lincoln and needs about $5000 to not go into eviction
Posted on 9/19/25 at 5:44 am to TigersHuskers
My MIL passed and my wife and sisters stood to have a substantial amount after the estate was settled, my wife was executor.
During the process one sister was in bad straights so we loaned her 3 grand of our own money, not from estate. Several months later the estate was settled and my wife distributed the money to everyone. Meaning her sister had a lot of money. She didn’t pay us back the 3 grand for nearly 6 months. Really pissed me off.
During the process one sister was in bad straights so we loaned her 3 grand of our own money, not from estate. Several months later the estate was settled and my wife distributed the money to everyone. Meaning her sister had a lot of money. She didn’t pay us back the 3 grand for nearly 6 months. Really pissed me off.
Posted on 9/19/25 at 5:48 am to TigersHuskers
Hell, I’ve loaned my children money knowing I’ll never see it again…
Posted on 9/19/25 at 5:48 am to TigersHuskers
See what kind of assets he owns, car, watch, boat, 4wheeler etc… tell him you’ll loan him the money but will take ownership of the car for example if he doesn’t pay you back in a predetermined timeframe.
Posted on 9/19/25 at 6:16 am to TigersHuskers
Depends on whether it is a charity or enabling. And it is a charity, not loan. You'll never be paid back, and that's OK.
Posted on 9/19/25 at 6:20 am to TigersHuskers
Learn these words
I do not have the liquidity to help you at the moment
I do not have the liquidity to help you at the moment
Posted on 9/19/25 at 1:47 pm to LSUJML
quote:
This is why I don’t have friends
Hell, this is why I don’t claim most of my RELATIVES.
Posted on 9/19/25 at 1:48 pm to TigersHuskers
IF you do, go in with the expectation you’ll never get it back
If that bothers you, say “no”
If that bothers you, say “no”
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