Is it cool to lend and borrow money among friends ?

That really depends. I always lend money to a very close friends of mine whenever they are totally in need. That way, I am helping them and our bond really is strengthened. Anyway, I only lend money to my trusted friends, to others, I always pretend I have no more...

I don't think that it is such a good idea either. Borrowing money can really cause a strain to the relationship, one reason is because the lender will no longer feel that they are at par with the borrow but that they are socially higher. Another is if the borrower is unable to pay or is late in paying the money, the lender may feel bad and decide that the borrower can no longer be trusted when it comes to money issues. There are some friendships though that survives situations like this, it is rare but at least there are still people who are understanding enough to overlook things like this. But then again, better not take the risk, you'll never know how your friend will react when it comes to money matters.

Your post brings to mind a quote I remember..."if you want to lose a friend, lend him money" I think there is an element of truth in this. The reason why he borrowed was maybe he was broke, and being such, it may take a long time before he can pay you back and meanwhile, there is the possibility that he will avoid seeing you. There is also the possibility that he will come back for more, which will put you in a difficult situation either to deny or give. It really is a complicated thing sometimes. Personally, if the amount involved is not that great anyway, I would rather give it and don't expect it to be returned. Chances are he will pay it back in a different way if he is indeed my friend. cheers!

I don't think borrowing money from friends are cool. What is cool on me is if we try to live within our means. As much as possible, I avoid loaning money from friends. Because I know that they have work hard for it and that they might also be alotting it to something else or I might be too shy to ask money from my friends. Whatever! I still don't find it cool.

I think when it comes to money, it's really tricky. When you have enough money it wouldn't really be a fuss if you lend some of it to a friend in need. But then when you only have enough, then it would be better if you just help that friend borrow money from someone else. It would in a way ruin that friendship specially when your friend wouldn't be able to pay you that sum, when it's you need that money back. Same way when you borrow from a friend. It's an ideal scenario when you borrow then you're able to pay that sum as promise as to when and how you'll pay it. So, I believe it's better that you think twice if you borrow or lend money to a friend.

I dont think its ok to lend or borrow money among friends.sometimes if a friend is really in need,we can help him or get help.but I think Money can be the cause of friction among the relations,so its better to remain away from it.But in case ,if you have really borrowed money,make a point to return it as soon as possible.