Loaning out money to friends/family
 

Is this something you don’t mind doing for friends in need or are you more cautious about lending money?

No problem with sharing with family.
Friends in need would of course be helped out.:shrug:

And by family I mean more slightly distant relatives who you don’t have some sort of obligation or duty of care to (e.g., a cousin rather than a sibling).

...I don’t think that I’ve ever lent money to family/friends...my dad always would say...if someone’s position is that they need to borrow, then they’re probably not in a position to repay because that would only add stress to their situation...so don’t ever loan what you’re not prepared to give...that’s the thought process I tend to have as well because it makes sense to me...

I agree with this Ammi.
If my family or friends need helping out then a gift is better than a loan.

Unfortunately lending money can blow up into major family disagreements, so I would say if you can afford to lend and not expect it back that is fine, if you lend and expect it back, get something it in writing and a payment plan so both parties know what to expect but even that can end in non payment

I would give to my immediate family and not expect it returned.

Extended family/friends I would be more wary of tbh

Yes with close family and friends. With more distant relatives it would only be small amounts I could afford to part with.

Is there a certain amount that’s out-of-bounds to you with those distant relatives?

I would absolutely help out my family, I trust them though, if it was someone unreliable or a piss taker I wouldn't

Immediate family’s a given but it can be harder to gauge with people outside that circle.

Oh yeah definitely, no one from extended family has ever asked to borrow money from me though so far!

True but I was talking more with friends. That’s always a tricky one.

I've loaned friends money on a night out (back before you could just tap to pay everywhere) but my closest friends are pretty trustworthy, never didn't pay it back or return the favour. No one has really asked to borrow a substantial amount of money from me

I'd give it and tell them to pay back when and if they can.

I'd give, NEVER loan.

I see it as no different to helping a relative/ friend move some awkward or heavy furniture.
No different if it's money needs then either.

...Joey explaining his money laundering business deals...I’m with you Joey, completely...:love:...turn that loot on the street into legit....

also it depends on the amount, like if someone asked me for a tenner I would give it to them whoever they were

Can I have a tenner please Cherie? :smug:

sure!

Depends how much and how close I am too them.

I tend to be seen as a bank earning as much money as I do.

I dont mind but probably because ive never had any issues

This

I just offered a friend of mine some money because she is struggling at the moment but she won’t take it at the moment.

Were you expecting it back?

No I don’t want it back.