Should you lend money to relatives?

Yes you should wait for him to talk to you directly unless you are in good terms with him and have spare money also. It is very hard to trust anyone in these days where matters of money are involved.

If he haven't talked to you about the money, probably he doesn't want you to know that he plans to borrow the money. I could not ask him too.

Well, if he hasn't asked you yet, he may not actually be planning on asking you. So I wouldn't say anything unless directly asked. And to be honest, I don't know that I would lend money to relatives.

I think it would depend on the situation. Like when my cousin's husband had a stroke (thank god he made it after the operation was over), my cousin had collected money....well I think its a bit different from the discussion... but my cousin told my parents and my parents told my brothers and me. We gave the money through my parents telling us. If it were non-emergency in a person (like operation, etc) but something else (like bills, etc), then I think I would wait because if we were family, why can't that person ask me, as family.

I guess, its ok to lend money to relatives, but just lend an amount you could let go off if the borrower wouldnt be able to pay. Just lend something you can " forget" in case the relative is not the kind of person who pays up.

I would wait until they asked me, but I wouldn't give it away without knowing for what specifically. If they are in dire need of money, then I would lend it to them, but if they need to alleviate some pressure then it is really their problem. I'm all for helping people, but in reality if hey are not in desperate need of it they will survive. Plus, family is usually unreliable in paying money they owe back. At least that has been the experience of my family. Had to drag the relative who borrowed to court to get it back...

I only lend money when in my heart I know I will not mind if the person never pays me back. There are few people that fall into this category though. In my experience, if you lend money in any other way, you lose the friend or relative and you don´t get your money back.

I would wait for that relative to ask me personally if he/she wants to borrow money. And if he did, I would lend him money if I have some reserve to use and if I am not going to need the money immediately. It also depends if he is someone who has a word of honor.

There are many other things on which you would think before giving money and giving money or not giving money is a different thing after that.

I, myself find t so hard for me to decide especially if the relatives you lend the money is not that good in managing their finances. The main reason why he expressed his need for money is to let you know that he wanted your help. I think it is up to you if you wanted to initiate the his offer.

When a person who is helpful or having intimacy with me is in problem of money I would discuss the gravity of problem with the person and offer possible help of mine, keeping in mind the possible problems to get return it. Certainly the person should inform me the financial problem at first.

I think if I were you I would just wait for him to ask me directly. except we if we were really close and we have SPARE money and he is trusted to deal with such a thing. if not, then you should just wait for him, because he might not need your help or he may not want you to take pity on him. and also, it;s about money but it;s also about family matter. if something goes wrong you cant really hmm blame him, since you are his family too. but well, it would be bad for your side of course.