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Reply to "Would you charge a family member interest?"
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[quote=Anonymous]It depends what the loan was for. My husband and I bust our buts and are well off by US standards. But we also live very frugally and make trade-offs everymonth in order to put aside money for savings. In contrast - much of my family lives in the moment and has much nicer cars, upgrades to their homes, vacations but no savings. If one of them was in a situation where they wanted a loan - there are definitely situations where I would charge them interest. I have loaned money before without interest and they took vacations before paying me back. [/quote]
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