Borrowing money: good or bad?

I lend money and dont get it back most of the time so I am alot more careful about who I lend money to now. I havent lost friends over money but I have been left short by lending money and not geting it back. I wont ask for it back I just wont lend money again to that person. I will never lend over £75 so its not really big amounts. Well it is to some poeple I guess.

I think it depends on the borrowing. If the borrowing is not / hard to return the money, of course it will be very harmful but if the borrow attempt to return the money he borrowed it does not matter and will not harm friendship. I think there is no harm if we lend to friends for friends it can to restore it.

There are less consequences for the borrower rather than to whom the borrower borrows. Because he has the option of paying or not paying back on time or to delay the payment or to not pay at all.

i dont think its anytime good,it simply underestimates our ability and the way in which we borrow makes us even more stupider at times

I always think bad when we mix friendship with business, especially talking about lending money. I never had experience with that because no one ever asked me, but I think I only would do it if the person were my best friend or something like that. I saw one person saying that he only give the money to his friends, because lending can be very stressfull, but, well, unfortunately I'm not that rich..

With borrowing money from friends, I think it depends on how often it happens and how often they pay you back. Although I have borrowed money from friends, I usually pay it back within the week because it's usually a small amount. If you have a friend who constantly borrows from you, small amount of money borrowed on multiple occasions can accumulate to large amount. At that point, I would start questioning my friendship with that person. Is he/she taking me for granted and expects me to give him/her money whenever asked? A person's trust is very fragile; it can be hard to gain, but it can even be more difficult to gain it again.

hi barbiesaco, if your friends borrowing big money from you, you are cashier,means you are have lot of money, if it is less money i do not bother about amount ,if it is big one i too have feel some time, mostly borrowing is bad thing, do not lend or borrow money from any one or to any body, that will cause to damage your friends,who knows who's mind turn when? son send me 1000 dollars to my paypal account , i will return it after one year, if you are ready to pay ,send a pm to me,have a nice day

Hi Barbie. I couldnt recommend it. Sooner or later, friends or even old friends would drop you a visit for the hope that they can borrow from you. When that time comes, i hope you will remember my advise... dont even try lending them cash... And if you do, dont even expect them to return it to you. The problem with some people is that they will give you a hard time in collecting the money from them.

I have both vies because if it is a small amount, then it is OK. However if it is a big amount, then you should not give it unless you get a security or signed paper declaring that you have given it and the other person has received it. It is better to be wise than sorry. Even relatives cheat and one can never be sure.

Borrowing money is not at all bad if it's for important or good use. It can even give you a fulfilling feeling that you have helped one who is in need when you lend your spare funds. However, you have to implement controls at times because others may abuse your generosity when you allow it that much. Based on experience, I have learned that there are people who take advantage of opportunities for their own selfish motives. So, just be wary of the people to whom you lend your money to.

I haven't been lucky mixing friends and money matters. As much as possible, I never borrow money. And if ever a friend would need to borrow some, I will lend if if she/he has been fair and true to his/her words. Unfortunately, 2 of my friends have been estranged from me just because I wasn't able to lend them the amount they needed. I know it still depends on the persons who are involved, but if it can be avoided, never let money get in the way of friendship.

be carfull because there no is eternal freind oponent oponent my be also bve afriend