Would you continuously loan a close friend money?

Sometimes friends need to spell out the cold hard facts. Tell him you were glad to help him, as you have, but that you cannot continue to do so (I assume you are not made out of money). Tell him he needs to come up with a different plan. If you are good friends, he may allow you to discuss the details of his financial situation and help him get to a place where he can sustain himself. Be patient with him because this can be a very difficult process. Of course, more income is always the desired route, but sometimes we have to cut expenses or sell some things we can no longer afford to keep. Him becoming dependent on your money is not going to help him change his ways, but you did what a friend had to do.

I have been in the same situation but it is very hard, I find it hard to see a friend struggle even though it makes it a little hard on myself, I believe that is what friends do but you must be careful it is said lending money to a friend or family member can end the friendship in the end, I was aware of that statement when I started helping my friend and it worriews me so much that I am determined to keep helping and determined it will not end a good friendship as I look at this friend as a family member...

Personally there are times in a persons life when there is nothing really left for you to do to help them until they can find a Better solution and end up helping themselves. I hope by now it has become of your Best interest in finding ways for this person to be able to help their finances in other ways, like a second job or something instead of always relying on you for help. They will begin to think better of themselves for sure.

If helping your friend is becoming a financial burden to you I would help him find another way to make money such as maybe on weekends he can mow people's lawn or doing other odd jobs. I know money is tight for everyone right now including my husband and I. My husband is unable to work because of a serious foot condition and I need to be here to take care of him full-time. I am glad that you were able to help him out.

Since I have only enough money to survive on in this changing world, my answer to this is simple: I do not loan money to anyone, close friend or not. I make it clear to anyone asking that I don't have money to 'loan' as I have to watch every penny I have to manage my own affairs and save for future emergencies. In your case, I would tell him to manage HIS funds more closely, not YOURS; then don't loan him any more money as from what I gathered from your posting, you are actually GIVING him money, not loaning as a loan is repaid. You are only enabling him in his lack of debt management.

The fastest way to loose a friend is to lend or borrow money! Help with ideas,connections,never with money!

I *might* help out once, but that's it. Unfortunately I've learned my lesson the hard way of loaning a friend money. It was easier for them to end the friendship than to pay the money back. That's why I don't like loaning money to friends or even family for that matter. Money has a way of ruining friendships.

I have lent money to a friend a couple of times, however I have had a lot of problems with getting the money back, to the extent sometimes that I have had to go without things that I need in my own life just because of the fact that I had lent the money to a friend. Some people just don't seem to get the fact that we need them to pay the money back as quickly as they possibly can, and they leave it for weeks or even months without paying it back and I don't think that's fair when you've been nice enough to lend them the money that they need in the first place.

well we can help a close friends in his needs but that docent mean that we keep on giving him loan throwing our-self in debt, well we can help in till the time we are at safe.

For me no because I would be suffer also for not paying you if you are like to help just a money that think of you are to pay that to your owned.

If I were you, I would not give him my money, but I would suggest him to find another job or give job information so that we just didn't help him out anytime, but we helped him out many time. I once heard a sermon that do not give fish, but give fishing rod.

Fanta dont like to take debt because she knows if unable to refund means destroy the life. Loan is not good habit and I trust we should do anything if only if we have

I will NEVER loan a close friend money. I had (have) this friend who was interested in this program that I was a part of. I gave him around $60. Now he is not serious about it and not even talking about the money.I have forgiven him as his grandpa is very serious and he has other family probs. but I will never give another friend hard earned money.

I will never do so.I will ask him for money but I will never ask or beg him for money at all the times if I am at hard situations. Remember that he has also family and he has also family matters to meet them he needs more money so I used to buy little money when I needed.

No I never give to my fiends contiunes loans and I cant take money as loan continue from my friend even we are close friends. Because I know the after some time dispute may arise and the reason will be only money and then friendship may loose and I dont feel good if our friendship will break.

dellessimon45 ..THis is a tough question to answer. A lot depends on the circumstances. If the friend is not doing anything to help themselves or foolishly spending the money I would be more reluctant to help, but if I can afford to help I would. I would like to give and not expect anything in return. That's the ideal in my opinion. Of course this has it's limtis but in the bigger picture it is more blessed to give than recieve...I believe that

I probably lend her money and same time help her to manage her financial problem. Let her know to cut her expenses and buy things that are necessity only.

I have been in that situation. I lend him some money a couple of times and he never paid back. After giving him money several times and he still did not changed, I decided to stop supporting him. I told him to change and find a real job. In the end, he got mad because he said I was preaching him, and I stopped giving him money. It's like I never helped him at all. It's like I'm the bad guy because I stopped giving him money.

I can understand your predicament. Having a debt is kind of a disease. To come over any disease a doctor would recommend medicines, but he would also advise you how to get a permanent cure for it too. Similarly, you can help your friend, who is in need in some way but I think the best way for him to come out of the debt is to find a permanent income for himself.

If your friend is really in trouble I don't think lending money will help him.. because you can't lend him money forever & that might create problems between you.. so this is not at all a solution.. either try to go for a more permanent solution, i.e, finding a second job for friend or helping him to earn some extra money online, or just ignore it.. simply don't involve yourself into the matter & let your friend solve his problem on his own.. remember lending money continuously can result into a bad habit for him......