Is it okay for a friend to borrow money from you?

I don't like to lend money out, sometimes even your closest friend never pays you back. Although if you were to write up a contract and sign it and each of you has a copy to keep so that if there's ever any dispute... and then to make recipets each time for the repayment if its not all at once or even if it is at once a copy each... I mean if you've ever watched Judge Judy or other Judge shows and seen stuff about money being barrowed... best always to have insurance no matter how much you trust your friend...

I think borrowing money in any case without interest is not okay but there is an excuse only if there is an emergencies, these are another pretty good reason for taking out a loan or in some cases borrowing from friends or family. The caution here though should be that you only borrow as much as you really need and not a penny more. I think friends are more understandable than th family members.

Hi friend, I think it is not good to borrow money from others.In urgent condition i think it is ok.It is always good to borrow from parents or best wishers.As long as you are good in returning them i think it is ok for you and vice versa.I advise you one thing, that is try to avoid as much borrowing as much because it sometimes break up your relationship too.Be careful. have a nice day

hi jojo .. why do you have problem with money ... what is your major expenses that actually exausts your cash .. maybe you should look into the root of the problem and solve this by the way i do not want to borrow money from anyone, unless i know i have just to go witdraw the money and repay by lunch or something .. money that i have given ... especially my husband to others , is in "lost account" or "unrecoverable" account now cheers

Loaning money to friends is always a dangerous venture. If they pay you back then everything is fine; but what happens if your friend can't or won't pay you back? Such situations have been known to turn friends into enemies. I think it much better, if you have the means and you know your friend is in need, that you out right give the money to your friend. Much better to give without expecting anything back, and for the friend to just 'pay it forward'.

real friends go beyond the value of money. "friends" who later became your enemies just because of money matters are not your real friends. i remember the time when i had much money, my "friends" were always on my side.. but sooner i found out, when i ran out of money after my business closed down due to bad economic conditions, my friends dwindled to almost nil except for those few who stood by me and helped me financially and morally.. it is not a total no no to borrow money from friends.. as long as those people are your real real friends..

Its ok as long as you have a good relationship with the person from whom you are borrowing.

yes, i go to my friends when i am broke and my friends as well go to me when they are broke. some of my friends in fact borrowed money from me 8 or 9 years ago and still it haven't been payed back to me. but it alright since, money had never been the basis of our friendship.

I don't consider myself as stingy but I only lend money to friends who won't give too many excuses when it is time to pay. I will not ask for my money back if I am not in need of cash myself, but when it is so hard to ask for your money back, it gives you a reason to never lend to that particular friend in the future. If she/he always pay on time then I am okey to lend to her/him. If I ever need money, I will ask from my family first. If they cannot help me then I will ask from a friend. I always keep in mind to pay debt at the promised time to avoid any problem.

no because the money u have a friend and may be u have a enemy

Hmmmmm....I don't know. just kidding. it's alright but history tells me that am the one who kept on borrowing money from friends and i rarely lend money to other people unless they ask for more than i can afford. that is something else.but this time il just li-low and don't borrow money at all.

It is okay with me. If for example she really needs the money badly. I will surely know If it just for something she wanted to buy or just for something not important. She's my friend I will surely know it. But there's a time that friends can't really pay you. That's understandable If you really know the situation right? I don't want to pick a fight just because of the money? Money is evil. I don't know what I am going to do if that happens ^0^

ya its ok if you borrow to your friend,, i think she understand you.. and dat is the one way to know how we friends are...

Well. not all friends can understand the situation of borrowing money.If you will borrow money from your friend make sure that he completely trust you and vice versa.And there should be a "one word" for you.Make sure you will return the money in the date that you have both agreed.And before you borrow tell him what you will gonna do to the money.

hey there jojorv. I think it's only okay for a close friend to borrow money from me. But my closest friends know I barely have enough for myself so they don't come to me for money. Oh well..life of a student:)

it depends on the situation. if it's badly needed then for me it's okay to borrow money to a friend. but when borrowing become a habit already, then that's not good for the friendship anymore

Yes of course! I do borrow and lend too. Only for now if you would ask me to lend you... I cannot do because my fund is insufficient. Happy mylotting