do you always let others borrow money from you?
By izathewzia
@izathewzia (5134)
Philippines
October 9, 2007 9:40pm CST
For sure, all of us already experienced borrowing money from others especially during those times we are in dire need. But how about you, do you always lend money to others? Or you still choose the persons and the situations before deciding to do so? Do you easily give in to the person's request or you contemplate it first before decidibg?
I must admit, I easily let others borrow money from me. I don't think really. I just follow what my heart says. That is why I always end up not being paid at all.
9 people like this
37 responses
@wotfpatty (2065)
• United States
10 Oct 07
When it comes to family, I always let them borrow money. I don't even question why. If it is a friend, if they are trustworthy and I have the money, I will give it to them. I have even offered and given money without being asked when I thought the person was in a bad situation.
I have gotten screwed over though. One friend I gave $500 to, to help her medical expenses, promised to pay me back as soon as she was on her feet and then never did and is doing just fine and making good money. No attempt at all to pay anything back. Years have passed.
But I still help when I can because the shoe was on the other foot once for me and, while I didn't borrow money from friends, I know they would have given it if I asked and they had it.
4 people like this
@izathewzia (5134)
• Philippines
10 Oct 07
That isa good idea. Prioritizing people borrowing money according to their relationship to you.
1 person likes this
@kodie420 (872)
• Canada
10 Oct 07
Well if I got it and someone I know really needs it for something important not partying or something then yes I would. The only thing with me is you only get one chance to not pay me back then thats it I don`t lend anything to that person again. I only borrow money from family and thats if Im totally in dire straights and even then I would rather steal. So ya I lend the money if I got it and have been paid back in the past but my girlfriend will lend her last dollar or give it to someone on the street if they asked.
2 people like this
@izathewzia (5134)
• Philippines
10 Oct 07
Limitations are important. And that is what I should need to learn.
@wisedragon (2325)
• Philippines
10 Oct 07
I do the same thing. I lend a little and if I don't get paid, that person can't borrow from me again.
I don't really believe in financial dependence. I think I've only borrowed money from my parents.
I don't think I would ever borrow money from others (friends, relatives), unless if I lost my wallet or something.
1 person likes this
@izathewzia (5134)
• Philippines
22 Oct 07
Even the Bibke says, don't just give man a fish. but teach him how to fish.
@raijin (10345)
• Philippines
10 Oct 07
If I have extra, then I don't think twice in lending it to others. But they have to be a friend of mine or a relative, otherwise, I won't easily throw a money that is not really won't losing for.
My father isone that always lends money to others, his siblings, parents and even give it to those whom he said needs. That most of the times, he doesn't get anything in return from it. Which is not a good example for me, especially when you already have a growing family that really needs every penny to support them.
@izathewzia (5134)
• Philippines
10 Oct 07
Hard earned money should go to where it is intended to. For lending purpose, it is very right to set limitations.
@lizeri (533)
• Philippines
10 Oct 07
I don't lend that easy unless that person is my real friend. It depends upon the situation and the amount. If there are times that I feel someone needs money urgently, I am very willing to lend, as long as they will assure me that they will pay me even if the payment will take time to complete, like for instance, down payment. It is not that I expect something in return that I do this, but we have responsibilities, and therefore we must also put it in mind. We are also in need, but it just happend that sometimes, we have shortcomings that come in a sudden.
2 people like this
@izathewzia (5134)
• Philippines
10 Oct 07
Good for you, for setting your limitations. I hope I could learn it too.
@poohgal (6845)
• Singapore
10 Oct 07
Hello there. I am also an easy target for friends who want to borrow money. I am a soft person and I do not know how to reject people. Of all borrowing requests, I agreed 99% of the time. 1% is because I do not have money to lend.
So far, I still have many bad debts which i think is unrecoverable. Usually, if the person does not return me the money by the promised date, I'll call or text him/her. If he/she tries to avoid me, i'll forget about the money and also forsake the friendship. Such people are not worth my friendship. Thank God, these friends are not close friends. They are usually just normal friends.
I need to learn to be more assertive and say no when I needed to.
2 people like this
@izathewzia (5134)
• Philippines
10 Oct 07
Resisting our friends from borrowing moneyis hard to do. Especially if they are good to us and we have an extra.
@sophylline (1041)
• Philippines
22 Oct 07
I seem to have to agree with your question even though sometimes I would want to hesitate. But when people borrow money from me I always have a hard time saying no. Of course, I would gladly offer to lend money when the person needs it for emergency use such as for medication or something similar. But there are people I know and most of these people borrow but they never return. So, that's what I was talking about when I wanted to hesitate. There are just some people who have a hard time living by their own means, you know, if you have only this much don't you think it's just proper to cut back on the expenses and try to spend only what you can afford. There are people who even with limited cash still can afford to splurge. I, myself am not a very extravagant person, I can be very thrifty and I like to have and save money for rainy days. I just hope people could learn that.
1 person likes this
@izathewzia (5134)
• Philippines
22 Oct 07
The art of saying "no" is really hard to learn.
1 person likes this
@tuayon_san (299)
• Philippines
22 Oct 07
Yes, all of us experienced that.
No, not always only if I have extra.
coz I only have a small salary and its
enough with my family needs. Off course I need
to consider my family as well before I will decide.
But if I have extra no probs with me I will let
her/him borrow.
I just tell her/him the fact that I have and instead
I am helping herhim to find some way.
1 person likes this
@izathewzia (5134)
• Philippines
22 Oct 07
That should always be the case. our familiy's needs forst before anything else.
@izathewzia (5134)
• Philippines
24 Jun 08
You got a point. Once you let someone borrow money from you. The risks is there.
@kevsgirlalways (5883)
• Malaysia
11 Oct 07
I don't usually let friends borrow money from me, because I'm short of money myself! Hahaha. Luckily my friends are the types who doesn't really borrow money from people, so so far I'm safe from friends who want to borrow money from me. .
1 person likes this
@daveisdavid (878)
• Singapore
11 Oct 07
It would depend on the amount and how close that person is. If it is just a couple of dollars, I would normally forget take it as a gift. However, if the amount is quite huge, I will determine whether is that person reliable to return me.
1 person likes this
@izathewzia (5134)
• Philippines
11 Oct 07
It is rather be given as a gift to avoid further problem.
@bhappy2 (327)
• Australia
11 Oct 07
No, no, no!! Lending someone money is the best way to lose a friend. When you lend money do people always pay you back? I was walking out of a shopping centre recently and a woman asked me for a dollar so she could catch a bus. I said to her "Do I look like I have stupid tatooed on my forehead?". I wonder how many people gave her a dollar and how much she made that day. I live in Australia and honestly, there is no reason why anyone should have to beg for money.
1 person likes this
@izathewzia (5134)
• Philippines
11 Oct 07
Begging is also common here in our place. I dunno why they have to do it except if they don't really any means at all.
@gradyslady (4054)
• United States
13 Oct 07
It depends because I have some friends that I know will say they paid you back, but you know they didn't. So it all depends.
1 person likes this
@izathewzia (5134)
• Philippines
22 Oct 07
We should not only trust to the words. But to the integrity of the person as well.
@clinsbull (192)
• China
1 Mar 08
a friend and i ended up paying his rent for a year ,that really wasnt that much ,but we dont have much money either ,so it was a bit of a pinch ,we finally got the old guy one his of it .and got him a little bit of income ,seven months later he had saved enough to pay us back in full for the rent we had paid for him .i have had people with quite a bit of money borrow thins from me and never make an attempt to retrun it .and then this old fellow saves like crazy to get the money back to us as fast as he could .
u know ,something is better than u worry about u r friend ,if u let him quillet ,he must unhappy ,but u will not worry about him .
@silveysim (337)
• United States
10 Oct 07
Yes I do. But it's got to be a two way street. Not all the time, but with people that want you to pay for them once in awhile got to pay you back later. But a one time deal no biggie to me. Big amounts. CONTRACT. lol. but don't lend more than your comfortable...and also collect the money in little amounts to a schedule. That way you'll end up getting your money back at a luisurely pace. It's good to give, you'll love the feeling. I find having given to others...I seem to get more back and also get to feel good!! Small amounts I wouldn't keep track, but get rid of leeches!! not unless of course it's because of hard times. There's nothing wrong with that. They will remember you!! and hold you in a high place of respect and as a true friend.
@monkeywriter (2004)
• United States
10 Oct 07
Rarely do others ask but I usally do if I have it. Its just my sister who does it. But at work a few times people did it, and they didnt pay me back.Ah! It wasnt much like a few dollars but still. So I dont normally do it for strangers, but for people i know and can trust i usually give in and let them borrow away as long as i can do it and they can pay me back soon.
1 person likes this
@eljean_1998 (33)
• Philippines
11 Oct 07
In my case if she/he is a long time friend I will lend him, especially if he will use it for an emergency how can i refuse.And most of all i will lend him if i got a budget, LOL. money now is very hard to earn....
@izathewzia (5134)
• Philippines
11 Oct 07
That is the point, it is so hard to earn money and so lending is such a big decision.
@clamarco808 (312)
• United States
11 Oct 07
We try to help if at all possible. Sometimes we can't do much but if we can, we do & try not to think of it as a loan.
1 person likes this
@izathewzia (5134)
• Philippines
11 Oct 07
Because if we think it as a loan, the more it pains us if it is not paid back.
@quiethorse (337)
• United States
11 Oct 07
Depends on who they are. Lending money to friends never goes well. I'd rather give them the money than ruin a friendship waiting to get paid back.
1 person likes this
@izathewzia (5134)
• Philippines
11 Oct 07
It is really better togive than to expect and nothing happens.