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Author Topic: Lending money or damaging family bond ?  (Read 1409 times)
abralzain17
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April 13, 2023, 10:01:05 PM
 #221

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so

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April 13, 2023, 11:34:19 PM
 #222

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so
When you do lend out someone inside your family or relatives then you should expect that you wont really be repaid on the right time or simply you should be treating that those money is already been that given or not really that giving as a loan. If you are having that finances then its better to have that way on which you would really be able to avoid some argumentations or gaps but this is only good for 1x or 2x
but if the time comes that they would really be that abusive then it would be an another story. We are just humans where patience and temper is something that
have a border line.They shouldnt wait until things becomes too hot and something that could be arranged up or amicable.

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Bushdark
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April 13, 2023, 11:47:47 PM
 #223

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so
The bond in the family should not be broken because of debt or money. We should always try our best to make sure that we don not allow the influence of money to jeopardize the family bond which is something that can affect us in a long run if we are not that careful. Money is a powerful thing that causes problem in the family if proper attention and care is not taken into consideration. I have seen families that are in enemity with themselves even till today because of money and inability for them to resolve the problems within them.









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April 13, 2023, 11:51:52 PM
 #224

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so
That's one of the best approach.

Giving them the money that you afford to lose but it's not the entire amount that they're asking. So, it's like that if they're asking for a $100 then you can give them freely $10-$20 and you're good not expecting any amount in return.

That's how you can't disappointment them but at the same time, you're still a giver but you don't tolerate them because you know that they can't pay in full.

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April 13, 2023, 11:56:30 PM
 #225

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
You know, giving out money to a spouse, girlfriend or family member us more like a gamble. Especially when it isn't of your free will and you've got any hopes of getting it back. You shouldn't even conceive that idea because, it's often gone most times. You treat it like some bitcoin investment or betting funds, money your ready to pathway with as the most likely case is, "your not getting it back".
In order not to be the one being hurt at the end of the day by giving that which your not willing to path away with, just avoid giving loans to your spouse, girlfriend or family. Even friends too. Its better you give them some grants and be good. It would serve you both better and save you the stress of seeking it out.

R


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MoonOfLife
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April 14, 2023, 03:16:29 AM
 #226

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so
When you do lend out someone inside your family or relatives then you should expect that you wont really be repaid on the right time or simply you should be treating that those money is already been that given or not really that giving as a loan. If you are having that finances then its better to have that way on which you would really be able to avoid some argumentations or gaps but this is only good for 1x or 2x
but if the time comes that they would really be that abusive then it would be an another story. We are just humans where patience and temper is something that
have a border line.They shouldnt wait until things becomes too hot and something that could be arranged up or amicable.

If I had a lot of money, I wouldn't do it either because that's the money I worked hard to earn. There is no free money in this world. I won't give it to anyone easily, especially lazy people who just raise their hands and ask for money. Instead, find them a decent job, and if they will work, give him a loan. Otherwise, even if it's a brother, I wouldn't care.
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April 14, 2023, 03:47:16 AM
 #227


Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.
Everyone needs money. It is difficult to move even a step without money. As money can help people a lot, this money also breaks the relationship of people also destroy family relationship. There are thousands of people just like you who have already ruined relationships with money. Those with whom we used to talk everyday by phone call before the money transaction, after lending the money, now they do not receive the phone of the loan provider. Not only that if that money is asked some times their negative comments are also heard. If the loan is not given, the relationship deteriorates temporarily. But after giving the loan, the relationship is lost for a long time.

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April 15, 2023, 11:13:46 AM
 #228

Understandably, you felt awkward in this situation. It's essential to manage our finances properly, and lending money is a decision that should not be taken lightly. Trust and reliability are crucial when loaning money, especially when it involves a significant amount. It's good to hear that you still wish him the best, despite the situation. Maintaining positive relationships with family members is essential; hopefully, things will improve between you both.
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April 15, 2023, 11:54:24 AM
 #229

If you lend money from any source and it becomes a fish bone on your neck then the repercussion is that you will experience difficult situation with the people around, same also is that people will come after you looking after for your family or any other relatives closer to you, they can also cease any of your own asset from you, many finds it easy to borrow something but repayment seems to be more difficult because things were easier said than done.

R


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April 15, 2023, 02:30:02 PM
 #230

That's a tough spot I would say. Lending money to family can be uncomfortable and awkward, especially if you don't trust them to pay you back. And also depends on how much "family" they are and how much they mean to you. I mean, yeah, it sucks that your cousin's giving you the "cold shoulder" now, but only because you didn't lend him money? Well, does he think that he deserves money from you? Like its his right?. If you ask me, you probably did the right thing. Like, if you'd lent him the cash and he never paid you back, that might've caused even more drama in the long run. Feelings of resentment is the worst. So, maybe not lending him the money actually saved your relationship in a weird way? Now you don't have that whole "Hey man, when are you gonna pay me back?" conversation hanging over your head every time you see each other.

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April 15, 2023, 03:08:42 PM
Merited by The Sceptical Chymist (3)
 #231

I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans.
The decision you made was indeed the best decision, even though the decision you made looked like a person who had no feelings. But if you lend your money to your relatives, it is very likely that your money will be difficult to return. Because

I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy.
If you give your brother the money, you will definitely find it difficult to charge your brother, because there will be shame. But if you are in an urgent situation, you will definitely force yourself to collect the debt to your brother. It's better when you are billed, your brother has money, what if your brother doesn't have money, you must be confused, and the worst thing is, your brother has reached the stage of forgetting the debt, if you are impatient, it will definitely cause a war of words. And in the end you still have a bad bond with your sibling, the money also hasn't been paid, it will definitely be more confusing.

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April 21, 2023, 06:22:17 AM
Last edit: April 21, 2023, 03:01:50 PM by Vishnu.Reang
 #232

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so

You are right. Giving debt or loan within family only if you can endure the lose which you gave them in loan of debt. Otherwise if you can't endure then it is better not to keep money relation with family. Most of the time what happen in money relation with family like there in a joke ''give me a loan then leave me alone''. I always keep distance with such lazy people who ask money again again to fulfill their small needs instead of working. 
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April 21, 2023, 08:49:15 AM
 #233


Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.

When talking about financial it's not always the best thing just to lend or give money to your family or relative, And the fact that he had a grudge only just because you didn't lend him money was already a red flag in my opinion. It's actually great to lend money to your family and relatives but there should always be limitations on it, and you should also assess if that money would actually help him or if you're just spoiling him teaching him to be lazy and not actually standing on his own.

I guess it would be better so that they would not be dependent on you when it comes to money, it might just teach them how to stand on their own, he did make a loan so it's his responsibility to pay for it. Maybe what you can do his hire him to do something with that you are making use of your money and at the same time, you're teaching him that money is not easily earned.


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jeraldskie11
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April 21, 2023, 09:35:35 AM
 #234

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so

You are right, giving debt or loan within foamily if you can endure the lose which you gave them in loan of debt then you can otherwise if you can't endure then it is better not to keep money relation with family. Most of the time what happen in money relation with family like there in a joke ''give me a loan then leave me alone''  i always keep distance with such lazy people who ask money again again to fulfill their small needs instead of working.  
I think it's normal with family members who beg for loans with no intention of repaying them to be responsible. It's their duty to pay, since they are begging you for it but since they are a member of a family it's understandable.
If you want to lend money to a family member, you must don't have to expect to be paid in time. You have to put in your mind that there's a chance he will not pay, so if he pay it's good and if not, it's okay.

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xSkylarx
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April 21, 2023, 09:39:00 AM
 #235

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so

You are right, giving debt or loan within foamily if you can endure the lose which you gave them in loan of debt then you can otherwise if you can't endure then it is better not to keep money relation with family. Most of the time what happen in money relation with family like there in a joke ''give me a loan then leave me alone''  i always keep distance with such lazy people who ask money again again to fulfill their small needs instead of working.  

If you relatives is a true family if you decline on what they want they will understand. I do always lend my relatives if they need money but for those relatives that dont know how to pay it is i always decline and saying i dont have money. as long as you can explain to them your situation they will understand but again if you have a lot of extra money and they just need small one it is better to lend it to them but just expect that you just gave it to them
Lorence.xD
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April 21, 2023, 10:15:05 AM
 #236

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so

You are right, giving debt or loan within foamily if you can endure the lose which you gave them in loan of debt then you can otherwise if you can't endure then it is better not to keep money relation with family. Most of the time what happen in money relation with family like there in a joke ''give me a loan then leave me alone''  i always keep distance with such lazy people who ask money again again to fulfill their small needs instead of working.  
I think it's normal with family members who beg for loans with no intention of repaying them to be responsible. It's their duty to pay, since they are begging you for it but since they are a member of a family it's understandable.
If you want to lend money to a family member, you must don't have to expect to be paid in time. You have to put in your mind that there's a chance he will not pay, so if he pay it's good and if not, it's okay.


For me, isn't your tolerating them to have loans or debt and not pay for it because they are part of your family? If that's the case I wouldn't agree in that situation, lending them money especially if they need, it's a good intention of you however you must think of yourself too. Of course you work hard for the money you've earned and you also have plans to your money then imagine they borrow money for you expecting to get paid sooner.

If you know that there's a chance they would not pay the money you'll be needing then much better to guarantee that they'll be paying you like if they have income soon. Still its up to you, we have different situation if you're afford to help them then that's good but tolerating that situation they might adapt it in the future.

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kapalmabur
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April 21, 2023, 10:15:26 AM
 #237

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so

You are right, giving debt or loan within foamily if you can endure the lose which you gave them in loan of debt then you can otherwise if you can't endure then it is better not to keep money relation with family. Most of the time what happen in money relation with family like there in a joke ''give me a loan then leave me alone''  i always keep distance with such lazy people who ask money again again to fulfill their small needs instead of working.  

If you relatives is a true family if you decline on what they want they will understand. I do always lend my relatives if they need money but for those relatives that dont know how to pay it is i always decline and saying i dont have money. as long as you can explain to them your situation they will understand but again if you have a lot of extra money and they just need small one it is better to lend it to them but just expect that you just gave it to them
We need to get used to things like that and if someone wants to borrow but is not very familiar with it, it is better to refuse in polite language, of course,
it's better to refuse than to make ourselves difficult,
but anyway everyone has their own view on it.
CageMabok
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April 21, 2023, 10:36:52 AM
 #238

We need to get used to things like that and if someone wants to borrow but is not very familiar with it, it is better to refuse in polite language, of course,
it's better to refuse than to make ourselves difficult,
but anyway everyone has their own view on it.
Refusing in a gentle way is also a solution so as not to complicate each other in this matter, because oftentimes hostilities occur as a result of having troubled parties and one of them is due to loans that do not end in repayment in a timely manner. So I also think that refusing to borrow something more subtly is a very good solution for peace between the two parties.

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April 21, 2023, 10:39:27 AM
 #239

If the relationship between relatives is ruined because of money, then you will think that he considered money more than your relationship. So there is no problem even if there is no such false relationship.

As he seems cousin to you, you should have helped him.  Because if relatives are not available during times of danger, people's trust or faith in relatives is broken. But you have good reason not to help because you said that cousin of yours is not a trustworthy person and the amount of money is too much. So if you help him by giving him that much money in times of danger and later if he refuses to give you the money, maybe you did not give him the money out of such a fear. But your cousin should have understood why you hesitated to pay him.

Hope you don't break the bond of kinship because of money.  And because of the attitude that refused to give your cousin a loan, I hope your cousin will change that attitude
Well I totally agree with what you said. because the borrower should be able to understand if the OP cannot provide the loan. because actually OP also has the right to do whatever with the money he has. And if a cousin stays away from us just because we don't lend him the money then there's really nothing to hold on to in that kind of relationship. Maybe if I were in the same position as OP then I would do the same thing with Op.

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ilovealtcoins
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April 21, 2023, 11:03:48 AM
 #240

Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so
The bond in the family should not be broken because of debt or money. We should always try our best to make sure that we don not allow the influence of money to jeopardize the family bond which is something that can affect us in a long run if we are not that careful. Money is a powerful thing that causes problem in the family if proper attention and care is not taken into consideration. I have seen families that are in enemity with themselves even till today because of money and inability for them to resolve the problems within them.

I can say there is no way to avoid it once they have deliberately borrowed your money. In this case, you can just choose to lend and accept the loss of the money and the relationship, or you'll just give up on the relationship in the first place. For a person who wants to borrow money but has no intention of paying it back, I will not need the relationship, I will not lend it, and would rather lose the relationship than lose both.
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