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Reply to "Lending Money, What Would You Do"
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[quote=Anonymous][quote=Anonymous]Don’t do loans to friends. Do gifts, if you can and want to. What about doing a $1k gift, and telling her this is as much as you’re comfortable doing until your kids are launched? It’s not like she can’t give you a $1k gift back someday if she’s able. But making it a gift is more realistic than a loan. [/quote] This is great advice. Also, you are not obligated to give money to your friend just because you can technically afford it. It is ok to say "I'm not in a position to make a loan right now. I'm so sorry that you are struggling."[/quote]
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